Belpointe Asset Management LLC Sells 104 Shares of Expand Energy Corporation $EXE

Belpointe Asset Management LLC reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,316 shares of the company’s stock after selling 104 shares during the period. Belpointe Asset Management LLC’s holdings in Expand Energy were worth $271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXE. Park Avenue Securities LLC bought a new position in shares of Expand Energy in the 1st quarter worth $280,000. Farther Finance Advisors LLC bought a new position in shares of Expand Energy in the 1st quarter worth $439,000. Yousif Capital Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth $3,092,000. Wealthcare Advisory Partners LLC bought a new position in shares of Expand Energy in the 1st quarter worth $347,000. Finally, GAMMA Investing LLC bought a new position in shares of Expand Energy in the 1st quarter worth $328,000. 97.93% of the stock is currently owned by institutional investors.

Insider Transactions at Expand Energy

In other news, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. KeyCorp reduced their price target on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Roth Capital lowered Expand Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $98.00 in a report on Monday, August 18th. Tudor Pickering & Holt reduced their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. UBS Group reduced their target price on Expand Energy from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Finally, Siebert Williams Shank reduced their target price on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.81.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $101.75 on Friday. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 260.90 and a beta of 0.47. The stock’s 50-day moving average is $99.38 and its 200-day moving average is $106.12. Expand Energy Corporation has a one year low of $82.69 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 14th. Expand Energy’s payout ratio is 589.74%.

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.