17,706 Shares in Expand Energy Corporation $EXE Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,706 shares of the company’s stock, valued at approximately $1,881,000.

Several other hedge funds also recently made changes to their positions in EXE. Asset Management One Co. Ltd. raised its position in Expand Energy by 17.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 99,071 shares of the company’s stock valued at $10,525,000 after purchasing an additional 14,600 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Expand Energy by 71.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,000 shares of the company’s stock worth $850,000 after purchasing an additional 3,346 shares during the last quarter. apricus wealth LLC increased its stake in Expand Energy by 9.1% in the third quarter. apricus wealth LLC now owns 37,905 shares of the company’s stock valued at $4,027,000 after purchasing an additional 3,150 shares during the period. Quattro Financial Advisors LLC raised its holdings in shares of Expand Energy by 61.2% in the third quarter. Quattro Financial Advisors LLC now owns 6,772 shares of the company’s stock valued at $719,000 after buying an additional 2,572 shares during the last quarter. Finally, SteelPeak Wealth LLC boosted its stake in shares of Expand Energy by 54.5% during the third quarter. SteelPeak Wealth LLC now owns 10,982 shares of the company’s stock worth $1,167,000 after buying an additional 3,872 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. William Blair started coverage on Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price target (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Finally, Mizuho raised their target price on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $129.44.

Expand Energy Trading Down 0.5%

NASDAQ:EXE opened at $109.77 on Monday. 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 quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $113.13 and a two-hundred day moving average price of $106.57. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 31.18 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share 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 anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

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.