River Road Asset Management LLC Sells 17,183 Shares of Expand Energy Corporation $EXE

River Road Asset Management LLC cut its stake in Expand Energy Corporation (NASDAQ:EXE) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,033 shares of the company’s stock after selling 17,183 shares during the period. River Road Asset Management LLC’s holdings in Expand Energy were worth $3,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Siemens Fonds Invest GmbH boosted its stake in Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in Expand Energy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after acquiring an additional 100 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. McGowan Group Asset Management Inc. lifted its holdings in shares of Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after acquiring an additional 105 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE stock opened at $86.98 on Friday. Expand Energy Corporation has a 1 year low of $86.37 and a 1 year high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $94.71 and its 200-day moving average is $103.46. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 6.49 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Sell-side analysts forecast that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Insider Buying and Selling at Expand Energy

In other news, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 4,000 shares of company stock valued at $375,120 over the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the topic of several analyst reports. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Piper Sandler lifted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Truist Financial restated a “buy” rating and issued a $134.00 price target (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Morgan Stanley decreased their price objective on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

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.