Expand Energy Corporation $EXE Shares Bought by Doliver Advisors LP

Doliver Advisors LP lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 158.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,051 shares of the company’s stock after buying an additional 6,156 shares during the period. Doliver Advisors LP’s holdings in Expand Energy were worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in Expand Energy during the 1st quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Expand Energy in the first quarter valued at approximately $701,831,000. Wellington Management Group LLP purchased a new stake in shares of Expand Energy during the first quarter worth approximately $624,083,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Expand Energy during the first quarter worth approximately $341,708,000. Finally, Glendon Capital Management LP acquired a new stake in shares of Expand Energy during the first quarter worth $237,256,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 3.6%

Shares of NASDAQ EXE opened at $106.58 on Wednesday. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of 30.28 and a beta of 0.45. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The firm has a 50-day moving average price of $111.55 and a 200 day moving average price of $107.20. 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 (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Equities research analysts anticipate 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. Investors of record on Thursday, November 13th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s payout ratio is currently 65.34%.

Wall Street Analysts Forecast Growth

EXE has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Expand Energy in a research note on Monday. William Blair began coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating on the stock. Piper Sandler increased their price target on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, November 18th. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley boosted their target price on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.44.

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.