Traders Buy High Volume of Expand Energy Call Options (NASDAQ:EXE)

Expand Energy Corporation (NASDAQ:EXEGet 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

EXE has been the topic of a number of analyst reports. William Blair initiated coverage on Expand Energy in a research note on Tuesday. They issued an “outperform” rating on the stock. The Goldman Sachs Group decreased their price target on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Tudor Pickering & Holt decreased their price target on Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 target price (up from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

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:EXEGet 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

(Get Free Report)

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.

Further Reading

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