Expand Energy Corporation $EXE Shares Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,755 shares of the company’s stock after buying an additional 23,810 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.16% of Expand Energy worth $39,814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of EXE. Quarry LP purchased a new position in Expand Energy in the 1st quarter worth approximately $28,000. MAI Capital Management acquired a new stake in shares of Expand Energy in the first quarter valued at approximately $30,000. Assetmark Inc. lifted its position in Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after buying an additional 184 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after buying an additional 170 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Expand Energy by 374.3% during the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $109.49 on Friday. The firm has a 50-day simple moving average of $112.56 and a two-hundred day simple moving average of $106.86. The stock has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.45. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. As a group, analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. KeyCorp cut their price objective on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. UBS Group boosted their target price on shares of Expand Energy from $132.00 to $154.00 and gave the company a “buy” rating in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Expand Energy in a research note on Monday, December 15th. Finally, Jefferies Financial Group reduced their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.