Headlands Technologies LLC Purchases Shares of 24,499 Expand Energy Corporation $EXE

Headlands Technologies LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,499 shares of the company’s stock, valued at approximately $2,865,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Expand Energy by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after purchasing an additional 559,887 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Expand Energy during the 1st quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $701,831,000. Geode Capital Management LLC boosted its holdings in Expand Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after acquiring an additional 170,222 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Expand Energy during the first quarter valued at about $624,083,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXE. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $125.00 to $98.00 in a report on Monday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. UBS Group increased their price objective on shares of Expand Energy from $132.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.44.

Expand Energy Stock Down 1.3%

NASDAQ EXE opened at $112.79 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The business has a 50 day moving average price of $111.55 and a two-hundred day moving average price of $107.36. The stock has a market cap of $26.86 billion, a PE ratio of 32.04 and a beta of 0.45.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

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.