Corigliano Investment Advisers LLC Makes New $850,000 Investment in Expand Energy Corporation $EXE

Corigliano Investment Advisers LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,700 shares of the company’s stock, valued at approximately $850,000.

Several other institutional investors and hedge funds also recently modified their holdings of EXE. Atlantic Union Bankshares Corp lifted its holdings in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Expand Energy in the fourth quarter valued at about $30,000. Abound Wealth Management lifted its holdings in shares of Expand Energy by 890.0% in 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 in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Expand Energy by 564.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock valued at $35,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $87.46 on Thursday. The company has a market cap of $20.92 billion, a P/E ratio of 6.52 and a beta of 0.33. The business has a fifty day simple moving average of $95.28 and a 200-day simple moving average of $103.83. Expand Energy Corporation has a 52 week low of $86.80 and a 52 week high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Equities research analysts forecast that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s payout ratio is 17.15%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 4,000 shares of company stock worth $375,120. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on EXE shares. Truist Financial restated a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley lowered their price target on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.45.

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.