Phoenix Financial Ltd. Purchases Shares of 1,598,101 Expand Energy Corporation $EXE

Phoenix Financial Ltd. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the third quarter, Holdings Channel reports. The fund bought 1,598,101 shares of the company’s stock, valued at approximately $169,783,000. Expand Energy makes up approximately 2.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Expand Energy by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock worth $3,188,600,000 after buying an additional 559,887 shares during the period. Geode Capital Management LLC boosted its stake in shares of Expand Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after buying an additional 170,222 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Expand Energy by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock valued at $631,090,000 after purchasing an additional 740,502 shares in the last quarter. AGF Management Ltd. grew its stake 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 buying an additional 224,275 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its position in Expand Energy by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock worth $329,646,000 after acquiring an additional 157,363 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of several recent analyst reports. Barclays decreased their price target on Expand Energy from $136.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Citigroup upped their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Stephens reduced their price objective on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Morgan Stanley upped their price target on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company raised Expand Energy to a “hold” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.33.

Expand Energy Stock Up 2.6%

NASDAQ:EXE opened at $112.36 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $26.76 billion, a P/E ratio of 31.92 and a beta of 0.46. The stock’s fifty day simple moving average is $111.32 and its 200-day simple moving average is $105.54. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

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

Expand Energy 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.