CIBC Asset Management Inc Purchases 16,520 Shares of Expand Energy Corporation $EXE

CIBC Asset Management Inc boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 47.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,001 shares of the company’s stock after buying an additional 16,520 shares during the period. CIBC Asset Management Inc’s holdings in Expand Energy were worth $5,418,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EXE. Assetmark Inc. lifted its stake in shares of Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares during the period. JFS Wealth Advisors LLC increased its holdings in Expand Energy by 125.9% in the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in Expand Energy by 374.3% in the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after purchasing an additional 262 shares in the last quarter. Root Financial Partners LLC acquired a new position in Expand Energy in the third quarter valued at approximately $47,000. Finally, CX Institutional bought a new position in shares of Expand Energy during the 3rd quarter worth approximately $52,000. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

EXE has been the subject of several research analyst reports. Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. William Blair started coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. UBS Group cut their price objective on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Finally, Sanford C. Bernstein dropped their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Expand Energy Stock Performance

Shares of EXE opened at $108.82 on Wednesday. The firm has a market capitalization of $25.92 billion, a P/E ratio of 30.91 and a beta of 0.46. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock has a 50 day moving average price of $111.16 and a two-hundred day moving average price of $105.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.

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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

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.