iSAM Funds UK Ltd Has $2.64 Million Position in Expand Energy Corporation $EXE

iSAM Funds UK Ltd boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 180.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,614 shares of the company’s stock after buying an additional 14,563 shares during the quarter. iSAM Funds UK Ltd’s holdings in Expand Energy were worth $2,644,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EXE. Vanguard Group Inc. boosted its position in Expand Energy by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock worth $3,188,600,000 after acquiring an additional 559,887 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Expand Energy in the first quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new position in Expand Energy during the first quarter worth $701,831,000. Geode Capital Management LLC grew its position in Expand Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after purchasing an additional 170,222 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Expand Energy in the first quarter valued at $624,083,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $119.07 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $110.94 and its two-hundred day moving average price is $107.32. The company has a market cap of $28.36 billion, a PE ratio of 33.83 and a beta of 0.45. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. On average, analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, November 13th. Expand Energy’s payout ratio is currently 65.34%.

Analysts Set New Price Targets

Several equities research analysts have commented on EXE shares. Jefferies Financial Group cut their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Roth Capital downgraded Expand Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $125.00 to $98.00 in a research report on Monday, August 18th. UBS Group upped their target price on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Mizuho set a $136.00 price target on Expand Energy in a research note on Monday, September 15th. Finally, Morgan Stanley upped their price objective on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.32.

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.