Farther Finance Advisors LLC Has $374,000 Stock Holdings in Expand Energy Corporation $EXE

Farther Finance Advisors LLC lowered its holdings in Expand Energy Corporation (NASDAQ:EXE) by 17.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,202 shares of the company’s stock after selling 694 shares during the quarter. Farther Finance Advisors LLC’s holdings in Expand Energy were worth $374,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Expand Energy in the first quarter worth $2,973,033,000. Price T Rowe Associates Inc. MD bought a new stake in Expand Energy in the 1st quarter valued at $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new stake in Expand Energy in the 1st quarter worth $701,831,000. Wellington Management Group LLP acquired a new stake in Expand Energy in the 1st quarter worth $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Expand Energy during the first quarter valued at about $518,328,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Expand Energy news, COO Joshua J. Viets purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of Expand Energy stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This represents a 1.52% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Wednesday, August 13th. Morgan Stanley boosted their price objective on Expand Energy from $134.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Bernstein Bank lowered their price target on shares of Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. The Goldman Sachs Group dropped their price objective on shares of Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Finally, UBS Group decreased their target price on shares of Expand Energy from $145.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $127.46.

Expand Energy Stock Up 1.3%

Shares of NASDAQ EXE opened at $105.77 on Monday. Expand Energy Corporation has a 52-week low of $80.72 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The business has a fifty day moving average of $98.05 and a two-hundred day moving average of $106.15. The stock has a market cap of $25.19 billion, a PE ratio of 271.21 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s payout ratio is presently 589.74%.

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.