Andrew Hill Investment Advisors Inc. Invests $1.25 Million in Expand Energy Corporation $EXE

Andrew Hill Investment Advisors Inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXEFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,313 shares of the company’s stock, valued at approximately $1,249,000. Expand Energy accounts for approximately 1.0% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 28th biggest position.

Several other institutional investors also recently modified their holdings of EXE. Abound Wealth Management grew its holdings in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares during the period. ESL Trust Services LLC acquired a new position in Expand Energy during the third quarter valued at approximately $32,000. Smartleaf Asset Management LLC grew its holdings in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after purchasing an additional 199 shares during the period. Root Financial Partners LLC acquired a new position in Expand Energy during the third quarter valued at approximately $47,000. Finally, CX Institutional acquired a new position in Expand Energy during the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $98.99 on Monday. The company’s fifty day simple moving average is $106.15 and its 200-day simple moving average is $108.41. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market cap of $23.80 billion, a PE ratio of 13.13 and a beta of 0.47. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given 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, March 5th. Expand Energy’s payout ratio is currently 30.50%.

Key Stories Impacting Expand Energy

Here are the key news stories impacting Expand Energy this week:

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EXE shares. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Barclays lifted their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Sanford C. Bernstein cut their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research note on Monday, February 23rd. Finally, Truist Financial cut their price target on shares of Expand Energy from $136.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.05.

Read Our Latest Stock Report on EXE

Expand Energy Profile

(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.

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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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