Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Purchases 1,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $93.36 per share, with a total value of $93,360.00. Following the transaction, the chief executive officer owned 84,498 shares of the company’s stock, valued at $7,888,733.28. This trade represents a 1.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Wichterich also recently made the following trade(s):

• On Friday, March 6th, Michael Wichterich purchased 2,000 shares of Expand Energy stock. The shares were bought at an average price of $107.50 per share, with a total value of $215,000.00.

Expand Energy Stock Performance

EXE traded up $2.33 during trading on Thursday, hitting $93.40. 2,553,844 shares of the company traded hands, compared to its average volume of 3,645,571. The firm has a market cap of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33. Expand Energy Corporation has a one year low of $90.79 and a one year high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $99.16 and its 200 day moving average is $105.77.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, equities analysts predict that Expand Energy Corporation will post 8.8 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.30 annualized dividend and a yield of 2.5%. Expand Energy’s dividend payout ratio is 17.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Expand Energy by 8.8% during the first quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock valued at $209,000 after acquiring an additional 154 shares during the last quarter. NewEdge Advisors LLC grew its position in Expand Energy by 82.0% during the first quarter. NewEdge Advisors LLC now owns 8,181 shares of the company’s stock valued at $898,000 after acquiring an additional 3,685 shares during the last quarter. Carlson Capital L.P. bought a new position in Expand Energy during the first quarter valued at approximately $2,606,000. Glenmede Trust Co. NA grew its position in Expand Energy by 61.6% during the first quarter. Glenmede Trust Co. NA now owns 4,453 shares of the company’s stock valued at $489,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in Expand Energy during the first quarter valued at approximately $57,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXE. Benchmark increased their price target on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Piper Sandler increased their price target on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group increased their price target on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

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.