2,594 Shares in Expand Energy Corporation $EXE Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) during the first quarter, HoldingsChannel reports. The fund bought 2,594 shares of the company’s stock, valued at approximately $289,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in Expand Energy in the 1st quarter worth $2,973,033,000. Massachusetts Financial Services Co. MA purchased a new stake in Expand Energy in the 1st quarter worth $518,328,000. Invesco Ltd. purchased a new stake in Expand Energy in the 1st quarter worth $433,431,000. AGF Management Ltd. purchased a new stake in Expand Energy in the 1st quarter worth $404,511,000. Finally, Bank of New York Mellon Corp purchased a new stake in Expand Energy in the 1st quarter worth $326,670,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXE. Mizuho raised their price objective on Expand Energy from $141.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Barclays raised their price objective on Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research report on Wednesday, August 13th. Roth Capital lowered Expand Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $98.00 in a research report on Monday. Finally, Piper Sandler cut their price objective on Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $127.42.

Expand Energy Price Performance

Shares of EXE opened at $94.66 on Friday. The firm has a market capitalization of $22.54 billion, a PE ratio of 242.72 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The company’s fifty day moving average price is $105.76 and its 200-day moving average price is $106.91.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s payout ratio is 589.74%.

Insiders Place Their Bets

In related news, COO Joshua J. Viets acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were bought at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer directly owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by insiders.

Expand Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.