Tokio Marine Asset Management Co. Ltd. Purchases 6,343 Shares of Expand Energy Corporation $EXE

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 211.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,343 shares of the company’s stock after buying an additional 6,343 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Expand Energy were worth $993,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC raised its holdings in shares of Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after acquiring an additional 110 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after purchasing an additional 112 shares in the last quarter. Essex Savings Bank increased its position in Expand Energy by 5.3% in the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after purchasing an additional 121 shares during the last quarter. Signaturefd LLC increased its position in Expand Energy by 5.6% in the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after purchasing an additional 134 shares during the last quarter. Finally, Florida Financial Advisors LLC raised its stake in Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE stock opened at $102.98 on Wednesday. The stock has a market cap of $24.53 billion, a PE ratio of 29.26 and a beta of 0.46. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62. The company has a 50-day moving average price of $113.16 and a 200 day moving average price of $105.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

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

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXE shares. UBS Group dropped their price objective on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Mizuho increased their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Citigroup lifted their price target on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Jefferies Financial Group boosted their price objective on Expand Energy from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy currently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

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.