Expand Energy Corporation $EXE Shares Acquired by LSP Investment Advisors LLC

LSP Investment Advisors LLC increased its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 40.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 319,417 shares of the company’s stock after purchasing an additional 92,600 shares during the quarter. Expand Energy makes up 20.4% of LSP Investment Advisors LLC’s investment portfolio, making the stock its 3rd largest position. LSP Investment Advisors LLC’s holdings in Expand Energy were worth $33,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EXE. Allianz Asset Management GmbH increased its stake in shares of Expand Energy by 12.8% in the third 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 last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of 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 worth $6,211,000 after acquiring an additional 5,020 shares in the last quarter. Candriam S.C.A. boosted its position in Expand Energy by 59.0% during the third 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 during the last quarter. Edgestream Partners L.P. acquired a new stake in Expand Energy during the second quarter valued at $3,347,000. Finally, Cibc World Market Inc. grew its stake in Expand Energy by 16.2% in the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock valued at $8,303,000 after purchasing an additional 10,919 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent research reports. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Stephens boosted their price target on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research report on Monday, February 23rd. UBS Group reduced their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Mizuho boosted their target price on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Expand Energy presently has an average rating of “Buy” and a consensus price target of $131.27.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. This represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $107.71 on Tuesday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The business has a 50-day moving average of $105.92 and a two-hundred day moving average of $107.21. The stock has a market capitalization of $25.89 billion, a P/E ratio of 14.29 and a beta of 0.47. 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 (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

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

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.