MGO One Seven LLC Cuts Stake in Expand Energy Corporation $EXE

MGO One Seven LLC lessened its stake in Expand Energy Corporation (NASDAQ:EXE) by 72.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,882 shares of the company’s stock after selling 10,216 shares during the quarter. MGO One Seven LLC’s holdings in Expand Energy were worth $412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in Expand Energy by 374.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock valued at $39,000 after buying an additional 262 shares in the last quarter. CX Institutional purchased a new position in Expand Energy during the 3rd quarter valued at approximately $52,000. Finally, Adirondack Trust Co. bought a new stake in Expand Energy in the 2nd quarter worth approximately $58,000. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXE. Benchmark reissued a “buy” rating on shares of Expand Energy in a report on Wednesday. UBS Group dropped their price objective on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Barclays lowered their price target on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $129.83.

Expand Energy Stock Performance

Expand Energy stock opened at $99.88 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $23.79 billion, a P/E ratio of 28.38 and a beta of 0.46. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The company’s 50-day moving average is $112.52 and its 200 day moving average is $105.51.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.98 billion. Research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced 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 2.3%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

About Expand Energy

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.