Belpointe Asset Management LLC Buys Shares of 2,420 Expand Energy Corporation $EXE

Belpointe Asset Management LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,420 shares of the company’s stock, valued at approximately $269,000.

Several other large investors have also added to or reduced their stakes in the business. Transamerica Financial Advisors LLC acquired a new position in Expand Energy during the first quarter worth $27,000. Harbour Investments Inc. acquired a new position in Expand Energy during the first quarter worth $27,000. First Horizon Advisors Inc. acquired a new position in Expand Energy during the first quarter worth $28,000. Quarry LP acquired a new position in Expand Energy during the first quarter worth $28,000. Finally, Pinney & Scofield Inc. acquired a new position in Expand Energy during the first quarter worth $29,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joshua J. Viets purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of several recent research reports. Mizuho set a $136.00 target price on shares of Expand Energy in a report on Monday. Raymond James Financial restated a “strong-buy” rating and set a $150.00 target price (up previously from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. The Goldman Sachs Group cut their price target on shares of Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Sanford C. Bernstein upgraded shares of Expand Energy to a “strong-buy” rating and set a $150.00 price target for the company in a research note on Thursday, May 22nd. Finally, Tudor Pickering & Holt cut their price target on shares of Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Expand Energy has a consensus rating of “Buy” and an average target price of $127.46.

Expand Energy Stock Performance

NASDAQ EXE opened at $95.58 on Tuesday. The firm has a 50-day moving average of $99.20 and a 200-day moving average of $106.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $22.76 billion, a PE ratio of 245.08 and a beta of 0.46. Expand Energy Corporation has a 52-week low of $72.70 and a 52-week high of $123.35.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is currently 589.74%.

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.