Stratos Wealth Partners LTD. Has $238,000 Holdings in Expand Energy Corporation $EXE

Stratos Wealth Partners LTD. cut its stake in Expand Energy Corporation (NASDAQ:EXE) by 25.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,036 shares of the company’s stock after selling 685 shares during the period. Stratos Wealth Partners LTD.’s holdings in Expand Energy were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in Expand Energy during the 1st quarter valued at $328,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Expand Energy during the 1st quarter valued at $1,179,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Expand Energy during the 1st quarter valued at $485,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Expand Energy during the 1st quarter valued at $1,383,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Expand Energy during the 1st quarter valued at $9,280,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Down 0.7%

NASDAQ:EXE opened at $103.77 on Friday. Expand Energy Corporation has a 12-month low of $82.69 and a 12-month high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $24.71 billion, a P/E ratio of 266.08 and a beta of 0.47. The stock’s fifty day simple moving average is $100.35 and its 200-day simple moving average is $105.86.

Expand Energy (NASDAQ:EXE) last posted 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 return on equity of 5.76% and a net margin of 2.41%.The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Piper Sandler dropped their price target on Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 14th. UBS Group dropped their price target on Expand Energy from $132.00 to $131.00 and set a “buy” rating for the company in a report on Monday, October 13th. KeyCorp dropped their price target on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Morgan Stanley dropped their price target on Expand Energy from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Finally, Wolfe Research decreased their price objective on Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Expand Energy presently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

Insider Buying and Selling at Expand Energy

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

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.