Oregon Public Employees Retirement Fund Buys 8,600 Shares of Expand Energy Corporation $EXE

Oregon Public Employees Retirement Fund increased its position in Expand Energy Corporation (NASDAQ:EXE) by 46.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,300 shares of the company’s stock after acquiring an additional 8,600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Expand Energy were worth $2,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Uncommon Cents Investing LLC boosted its holdings in Expand Energy by 6.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after buying an additional 112 shares in the last quarter. Essex Savings Bank boosted its stake in Expand Energy by 5.3% during the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after buying an additional 121 shares during the period. Signaturefd LLC boosted its stake in Expand Energy by 5.6% during the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after buying an additional 134 shares during the period. Finally, Florida Financial Advisors LLC grew its position in Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after buying an additional 136 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group lowered their price target on Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Barclays lowered their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Morgan Stanley raised their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, William Blair initiated coverage on shares of Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy has an average rating of “Moderate Buy” and an average price target of $129.28.

Expand Energy Stock Down 2.6%

Shares of NASDAQ EXE opened at $101.63 on Monday. The stock has a market capitalization of $24.21 billion, a P/E ratio of 28.87 and a beta of 0.46. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The firm’s 50 day simple moving average is $113.45 and its two-hundred day simple moving average is $106.00. 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 announced its quarterly earnings data 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. As a group, analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 13th. 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.