Expand Energy Corporation (NASDAQ:EXE – Get Free Report) was the target of unusually large options trading on Friday. Stock investors acquired 27,582 call options on the stock. This is an increase of approximately 384% compared to the average volume of 5,699 call options.
Insider Activity
In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were acquired at an average price of $95.86 per share, with a total value of $239,650.00. Following the transaction, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Expand Energy
Institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. acquired a new position in Expand Energy in the first quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new position in Expand Energy in the first quarter valued at $27,000. First Horizon Advisors Inc. acquired a new position in Expand Energy in the first quarter valued at $28,000. Quarry LP acquired a new position in Expand Energy in the first quarter valued at $28,000. Finally, Cheviot Value Management LLC acquired a new position in Expand Energy in the first quarter valued at $29,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on EXE
Expand Energy Stock Performance
NASDAQ EXE opened at $100.78 on Friday. Expand Energy has a fifty-two week low of $82.69 and a fifty-two week high of $123.35. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 258.42 and a beta of 0.47. The business has a fifty day moving average of $99.45 and a 200-day moving average of $105.76. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.
Expand Energy (NASDAQ:EXE – Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, analysts predict that Expand Energy will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The business 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 of this dividend was Thursday, August 14th. Expand Energy’s payout ratio is 589.74%.
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.
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