Expand Energy Corporation $EXE Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. reduced its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 6.0% in the second quarter, HoldingsChannel.com reports. The firm owned 181,496 shares of the company’s stock after selling 11,504 shares during the period. Expand Energy comprises about 0.6% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 24th biggest holding. Waratah Capital Advisors Ltd.’s holdings in Expand Energy were worth $21,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Expand Energy during the first quarter valued at $3,757,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy in the 1st quarter valued at about $210,000. Inspire Investing LLC purchased a new position in Expand Energy during the first quarter valued at approximately $312,000. Horizon Investments LLC purchased a new position in Expand Energy during the first quarter valued at approximately $342,000. Finally, Plato Investment Management Ltd acquired a new position in Expand Energy in the 1st quarter valued at approximately $503,000. Institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In related news, COO Joshua J. Viets bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. The trade was a 3.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE opened at $117.28 on Friday. The company has a market capitalization of $27.93 billion, a PE ratio of 33.32 and a beta of 0.47. Expand Energy Corporation has a one year low of $91.01 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $104.67 and its 200 day moving average price is $106.46.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. As a group, analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.575 dividend. The ex-dividend date is Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.0%. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXE. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $98.00 in a research note on Monday, August 18th. Wells Fargo & Company raised Expand Energy to a “hold” rating in a research report on Thursday, October 16th. UBS Group boosted their target price on Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up previously from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $128.24.

About Expand Energy

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.