Expand Energy Corporation $EXE Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Expand Energy Corporation (NASDAQ:EXE) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,102 shares of the company’s stock after selling 23,227 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Expand Energy were worth $3,327,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp grew its holdings in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares in the last quarter. Abound Wealth Management grew its holdings in Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after buying an additional 199 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Expand Energy by 54.5% in the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after buying an additional 146 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the acquisition, the chief executive officer owned 84,498 shares in the company, valued at $7,888,733.28. This trade represents a 1.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on EXE shares. Stephens upped their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Benchmark upped their target price on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Barclays cut Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, Piper Sandler upped their target price on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average price target of $131.45.

Expand Energy Stock Performance

NASDAQ EXE opened at $88.78 on Wednesday. The stock has a market cap of $21.24 billion, a PE ratio of 6.62 and a beta of 0.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a twelve month low of $88.36 and a twelve month high of $126.62. The stock has a fifty day simple moving average of $97.49 and a 200-day simple moving average of $105.04.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Equities analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

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

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.