Ausbil Investment Management Ltd Acquires 4,700 Shares of Expand Energy Corporation $EXE

Ausbil Investment Management Ltd raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 940.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,200 shares of the company’s stock after acquiring an additional 4,700 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Expand Energy were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Siemens Fonds Invest GmbH increased its holdings in shares of Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after acquiring an additional 88 shares in the last quarter. Hara Capital LLC lifted its holdings in shares of Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after purchasing an additional 100 shares in the last quarter. New Mexico Educational Retirement Board grew its position in shares of Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after purchasing an additional 100 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares during the period. Finally, New Wave Wealth Advisors LLC increased its stake in Expand Energy by 3.1% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $445,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on EXE shares. Truist Financial began coverage on shares of Expand Energy in a report on Tuesday. They set a “buy” rating and a $136.00 target price on the stock. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Benchmark raised their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Barclays boosted their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, UBS Group reduced their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Expand Energy has an average rating of “Buy” and a consensus target price of $131.48.

Expand Energy Trading Down 2.5%

NASDAQ EXE opened at $111.05 on Friday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average price is $106.82 and its two-hundred day moving average price is $107.72. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of 14.73 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, March 5th. Expand Energy’s payout ratio is presently 30.50%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the transaction, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. This represents a 2.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

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.