X Square Capital LLC Buys Shares of 8,267 Expand Energy Corporation $EXE

X Square Capital LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,267 shares of the company’s stock, valued at approximately $754,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Siemens Fonds Invest GmbH lifted its holdings in shares of Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after acquiring an additional 88 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. McGowan Group Asset Management Inc. increased its stake in Expand Energy by 0.4% in the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after acquiring an additional 105 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Expand Energy by 25.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after acquiring an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Expand Energy by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock valued at $286,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Expand Energy stock opened at $96.09 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $22.24 billion, a PE ratio of 8.30 and a beta of 0.34. The firm has a fifty day simple moving average of $90.93 and a two-hundred day simple moving average of $97.58. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Research analysts expect that Expand Energy Corporation will post 8.84 EPS for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy’s dividend payout ratio is currently 19.86%.

Insiders Place Their Bets

In related news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXE. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Truist Financial increased their price objective on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup decreased their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Johnson Rice downgraded Expand Energy from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $135.00 to $125.00 in a research report on Monday, August 17th. Finally, Barclays cut their target price on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.67.

About Expand Energy

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.