Corient IA LLC Purchases Shares of 12,500 Expand Energy Corporation $EXE

Corient IA LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,500 shares of the company’s stock, valued at approximately $1,328,000. Expand Energy makes up about 1.0% of Corient IA LLC’s holdings, making the stock its 15th biggest position.

Several other hedge funds also recently modified their holdings of EXE. Hara Capital LLC raised its holdings in Expand Energy by 3.3% during the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after acquiring an additional 100 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Expand Energy by 5.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares during the last quarter. New Wave Wealth Advisors LLC grew its stake in shares of Expand Energy by 3.1% in the third quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock valued at $445,000 after buying an additional 127 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its stake in shares of Expand Energy by 6.5% in the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after buying an additional 136 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Barclays cut their target price on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Sanford C. Bernstein lowered their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Citigroup upped their price objective on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Stephens lifted their target price on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $129.92.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $105.88 on Thursday. The firm has a market cap of $25.45 billion, a P/E ratio of 14.04 and a beta of 0.47. The business’s 50 day moving average is $106.38 and its 200-day moving average is $106.43. 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 Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.28 billion. Equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s payout ratio is currently 30.50%.

About Expand Energy

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.