Retireful LLC Invests $832,000 in Expand Energy Corporation $EXE

Retireful LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,431 shares of the company’s stock, valued at approximately $832,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Expand Energy by 2.4% in the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after acquiring an additional 646,330 shares in the last quarter. Capital Research Global Investors raised its position in Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after purchasing an additional 9,856,576 shares during the period. State Street Corp lifted its stake in shares of Expand Energy by 8.3% in the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after purchasing an additional 1,014,484 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Expand Energy by 16.5% in the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock valued at $463,140,000 after purchasing an additional 619,001 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Expand Energy by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock worth $329,646,000 after purchasing an additional 157,363 shares during the period. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EXE. UBS Group cut their target price on Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research note on Monday, February 23rd. Benchmark lifted their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Finally, Barclays raised their target price on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Expand Energy currently has a consensus rating of “Buy” and an average target price of $131.48.

Expand Energy Price Performance

Shares of EXE stock opened at $106.03 on Thursday. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. 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 firm has a market capitalization of $25.49 billion, a P/E ratio of 14.06 and a beta of 0.47. The stock has a 50 day moving average price of $107.35 and a 200 day moving average price of $108.22.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, March 5th. Expand Energy’s payout ratio is currently 30.50%.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased 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 owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

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.