63,064 Shares in Expand Energy Corporation $EXE Acquired by AQR Capital Management LLC

AQR Capital Management LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, Holdings Channel.com reports. The fund bought 63,064 shares of the company’s stock, valued at approximately $7,014,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Expand Energy in the 1st quarter worth $36,507,000. Parallel Advisors LLC acquired a new position in Expand Energy during the first quarter worth about $286,000. Doliver Advisors LP bought a new stake in Expand Energy in the first quarter worth about $446,000. Peoples Bank KS acquired a new stake in Expand Energy in the 1st quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Expand Energy during the 1st quarter valued at about $466,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Trading Down 0.7%

Shares of NASDAQ EXE opened at $95.84 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a one year low of $71.06 and a one year high of $123.35. The business has a 50-day moving average price of $99.70 and a two-hundred day moving average price of $106.05. The firm has a market capitalization of $22.82 billion, a PE ratio of 245.75 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last issued its earnings results 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 business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. As a group, analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy’s payout ratio is presently 589.74%.

Insider Buying and Selling

In related news, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of Expand Energy stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the purchase, the chief executive officer directly owned 166,715 shares of the company’s stock, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXE. Wolfe Research dropped their target price on shares of Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Barclays upped their price target on Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Siebert Williams Shank reduced their price objective on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Capital One Financial decreased their target price on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Finally, Morgan Stanley upped their target price on Expand Energy from $134.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $127.69.

Expand Energy 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.