Corient IA LLC Acquires Shares of 12,500 Expand Energy Corporation $EXE

Corient IA LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,500 shares of the company’s stock, valued at approximately $1,328,000. Expand Energy makes up about 1.0% of Corient IA LLC’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in shares of Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after acquiring an additional 13,670 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Expand Energy by 10.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock valued at $6,211,000 after purchasing an additional 5,020 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Expand Energy during the second quarter worth $3,347,000. Candriam S.C.A. boosted its holdings in shares of Expand Energy by 59.0% in the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after purchasing an additional 11,428 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in shares of Expand Energy by 6.2% in the 2nd quarter. AGF Management Ltd. now owns 3,858,041 shares of the company’s stock valued at $451,159,000 after purchasing an additional 224,275 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Piper Sandler decreased their target price on Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Citigroup boosted their target price on Expand Energy from $118.00 to $125.00 and gave the stock 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 note on Thursday, February 19th. Finally, Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $129.92.

Expand Energy Stock Performance

Expand Energy stock opened at $105.88 on Thursday. The business has a 50 day moving average of $106.38 and a 200-day moving average of $106.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a market capitalization of $25.45 billion, a P/E ratio of 14.04 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $3.27 billion for 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%. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.

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.