HRT Financial LP Buys 262,424 Shares of Expand Energy Corporation $EXE

HRT Financial LP boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 474.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 317,738 shares of the company’s stock after buying an additional 262,424 shares during the period. HRT Financial LP’s holdings in Expand Energy were worth $37,156,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in shares of Expand Energy during the second quarter worth approximately $505,000. Engineers Gate Manager LP increased its stake in shares of Expand Energy by 90.3% during the second quarter. Engineers Gate Manager LP now owns 19,426 shares of the company’s stock worth $2,272,000 after purchasing an additional 9,219 shares during the period. Eschler Asset Management LLP acquired a new stake in Expand Energy during the 2nd quarter worth approximately $965,000. Barometer Capital Management Inc. boosted its stake in Expand Energy by 42.9% in the 2nd quarter. Barometer Capital Management Inc. now owns 98,779 shares of the company’s stock valued at $11,551,000 after purchasing an additional 29,670 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Expand Energy by 313.7% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 38,713 shares of the company’s stock valued at $4,527,000 after buying an additional 29,355 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a report on Thursday, October 16th. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Stock Down 1.3%

Shares of EXE opened at $112.79 on Friday. The firm has a 50 day simple moving average of $111.55 and a two-hundred day simple moving average of $107.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a market cap of $26.86 billion, a P/E ratio of 32.04 and a beta of 0.45.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. Expand Energy’s dividend payout ratio is 65.34%.

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.