Expand Energy Corporation $EXE Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in Expand Energy Corporation (NASDAQ:EXE) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,491 shares of the company’s stock after selling 965 shares during the period. Blair William & Co. IL’s holdings in Expand Energy were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Transamerica Financial Advisors LLC purchased a new stake in Expand Energy during the 1st quarter worth approximately $27,000. Harbour Investments Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $28,000. Quarry LP purchased a new stake in Expand Energy during the 1st quarter worth approximately $28,000. Finally, Pinney & Scofield Inc. purchased a new stake in Expand Energy during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $100.78 on Friday. The stock’s 50-day moving average is $99.45 and its two-hundred day moving average is $105.76. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 258.42 and a beta of 0.47. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year 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.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 14th. Expand Energy’s payout ratio is currently 589.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on EXE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Expand Energy in a research note on Wednesday, October 8th. Siebert Williams Shank dropped their price target on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Mizuho set a $136.00 price target on Expand Energy in a research report on Monday, September 15th. Roth Capital lowered Expand Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Finally, Piper Sandler lowered their price objective on Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The stock was bought at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

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.