61,326 Shares in Expand Energy Corporation $EXE Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,326 shares of the company’s stock, valued at approximately $6,515,000.

Several other institutional investors have also recently made changes to their positions in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in Expand Energy during the 1st quarter worth approximately $208,000. Focus Partners Wealth bought a new position in Expand Energy in the first quarter worth approximately $205,000. Geneos Wealth Management Inc. acquired a new stake in Expand Energy in the first quarter valued at approximately $79,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Expand Energy in the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $107.92 on Friday. 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 stock has a market cap of $25.94 billion, a PE ratio of 14.31 and a beta of 0.46. The stock’s fifty day simple moving average is $106.50 and its two-hundred day simple moving average is $106.18. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

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

Expand Energy Dividend Announcement

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

Wall Street Analyst Weigh In

EXE has been the topic of a number of research reports. TD Cowen raised Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Piper Sandler decreased their price target on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. UBS Group lowered their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Stephens lifted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Finally, Benchmark reissued a “buy” rating on shares of Expand Energy in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Expand Energy presently has an average rating of “Buy” and an average target price of $129.92.

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.