Romano Brothers AND Company Purchases 23,590 Shares of Expand Energy Corporation $EXE

Romano Brothers AND Company increased its position in Expand Energy Corporation (NASDAQ:EXE) by 90.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 49,540 shares of the company’s stock after acquiring an additional 23,590 shares during the period. Romano Brothers AND Company’s holdings in Expand Energy were worth $5,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in shares of Expand Energy in the 3rd quarter valued at about $32,000. Abound Wealth Management grew its position in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares during the last quarter. Root Financial Partners LLC acquired a new position in Expand Energy in the third quarter valued at approximately $47,000. Finally, CX Institutional acquired a new position in Expand Energy in the third quarter valued at approximately $52,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Up 2.2%

Shares of NASDAQ:EXE opened at $113.50 on Friday. The company has a 50 day moving average price of $107.09 and a two-hundred day moving average price of $107.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $27.29 billion, a PE ratio of 15.05 and a beta of 0.47. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.0%. Expand Energy’s payout ratio is currently 30.50%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the stock in a transaction on Friday, March 6th. The stock was bought at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens lifted their target price on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Piper Sandler increased their price target on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Citigroup raised their price target on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Truist Financial started coverage on Expand Energy in a research note on Tuesday. They set a “buy” rating and a $136.00 price objective for the company. Finally, Mizuho increased their target price on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $131.48.

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.