Avior Wealth Management LLC Buys 5,957 Shares of Expand Energy Corporation $EXE

Avior Wealth Management LLC lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 215.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,716 shares of the company’s stock after buying an additional 5,957 shares during the quarter. Avior Wealth Management LLC’s holdings in Expand Energy were worth $962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXE. ESL Trust Services LLC bought a new stake in shares of Expand Energy in the third quarter worth about $32,000. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 199 shares during the last quarter. Root Financial Partners LLC purchased a new position in Expand Energy during the 3rd quarter valued at approximately $47,000. CX Institutional bought a new stake in Expand Energy in the 3rd quarter worth approximately $52,000. Finally, Intact Investment Management Inc. bought a new stake in Expand Energy in the 2nd quarter worth approximately $70,000. Institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Expand Energy Stock Performance

NASDAQ EXE opened at $107.32 on Friday. The business’s 50 day moving average price is $106.11 and its 200-day moving average price is $107.41. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company has a market cap of $25.80 billion, a P/E ratio of 14.23 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion during 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%. Sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio is 30.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXE. Stephens increased their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. UBS Group reduced their price target on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Citigroup upped their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Finally, Mizuho boosted their target price on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Two research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $131.27.

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.