Expand Energy Corporation $EXE Shares Sold by ING Groep NV

ING Groep NV decreased its holdings in Expand Energy Corporation (NASDAQ:EXE) by 59.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,780 shares of the company’s stock after selling 51,607 shares during the quarter. ING Groep NV’s holdings in Expand Energy were worth $3,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Expand Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after purchasing an additional 646,330 shares in the last quarter. Capital Research Global Investors grew its position in Expand Energy by 33.2% during the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after purchasing an additional 5,291,948 shares in the last quarter. State Street Corp grew its position in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after purchasing an additional 1,014,484 shares in the last quarter. Invesco Ltd. grew its position in Expand Energy by 16.5% during the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after purchasing an additional 619,001 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after purchasing an additional 2,414,311 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Trading Down 1.8%

Shares of NASDAQ:EXE opened at $90.42 on Tuesday. The firm has a fifty day moving average of $97.98 and a two-hundred day moving average of $105.24. The firm has a market capitalization of $21.63 billion, a P/E ratio of 6.74 and a beta of 0.33. Expand Energy Corporation has a 12-month low of $90.31 and a 12-month 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.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. On average, equities analysts expect that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Insiders Place Their Bets

In related news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $93.36 per share, with a total value of $93,360.00. Following the purchase, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. This represents a 1.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXE. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Morgan Stanley lowered 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 report on Friday, May 22nd. Stephens lifted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.