Expand Energy (NASDAQ:EXE) Price Target Cut to $133.00 by Analysts at UBS Group

Expand Energy (NASDAQ:EXE) had its price objective trimmed by UBS Group from $139.00 to $133.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently commented on EXE. Benchmark upped their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Truist Financial dropped their price target on shares of Expand Energy from $136.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research report on Monday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.95.

Expand Energy Stock Down 1.2%

Shares of EXE stock opened at $97.78 on Monday. Expand Energy has a 12 month low of $91.01 and a 12 month high of $126.62. The stock has a market cap of $23.51 billion, a P/E ratio of 12.97 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $105.97 and a two-hundred day simple moving average of $108.37.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. On average, research analysts expect that Expand Energy will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is currently 30.50%.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Expand Energy

A number of hedge funds and other institutional investors have recently modified their holdings of EXE. Capital Research Global Investors boosted its position in shares of Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after acquiring an additional 9,856,576 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Expand Energy by 192.0% during the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. Phoenix Financial Ltd. bought a new position in shares of Expand Energy during the third quarter worth $169,783,000. Finally, Dragoneer Investment Group LLC bought a new position in shares of Expand Energy during the fourth quarter worth $145,633,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Company 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.