Expand Energy Corporation $EXE Stock Holdings Raised by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC raised its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 202.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 664,689 shares of the company’s stock after buying an additional 444,639 shares during the quarter. Expand Energy comprises 1.6% of Ceredex Value Advisors LLC’s portfolio, making the stock its 5th largest holding. Ceredex Value Advisors LLC’s holdings in Expand Energy were worth $70,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expand Energy in the first quarter valued at approximately $208,000. Focus Partners Wealth purchased a new position in Expand Energy during the first quarter worth about $205,000. Geneos Wealth Management Inc. acquired a new stake in shares of Expand Energy in the first quarter worth approximately $79,000. Finally, Assetmark Inc. grew its stake in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group lowered their price target on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Mizuho increased their price objective 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. Piper Sandler reduced their target price on shares of Expand Energy from $137.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Barclays lowered their price target on Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Expand Energy presently has a consensus rating of “Buy” and a consensus price target of $130.38.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $107.87 on Tuesday. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 14.31 and a beta of 0.47. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The business has a 50 day simple moving average of $106.19 and a 200-day simple moving average of $106.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio is currently 30.50%.

Insiders Place Their Bets

In related news, CEO Michael Wichterich purchased 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, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

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.