Expand Energy Corporation $EXE Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,627,056 shares of the company’s stock after purchasing an additional 5,593 shares during the period. Bank of New York Mellon Corp owned 1.10% of Expand Energy worth $279,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of Expand Energy by 33.9% during the third quarter. Truist Financial Corp now owns 4,570 shares of the company’s stock valued at $486,000 after acquiring an additional 1,157 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in shares of Expand Energy during the third quarter worth approximately $169,783,000. Chilton Capital Management LLC raised its stake in Expand Energy by 21.1% in the 3rd quarter. Chilton Capital Management LLC now owns 791 shares of the company’s stock valued at $84,000 after purchasing an additional 138 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Expand Energy by 4.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 89,073 shares of the company’s stock valued at $9,463,000 after purchasing an additional 3,565 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in Expand Energy by 790.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,955 shares of the company’s stock valued at $314,000 after purchasing an additional 2,623 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent research reports. Mizuho increased their target price on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Stephens dropped their price objective on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Morgan Stanley boosted their target price on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Citigroup upped their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. One investment analyst has 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. According to data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $130.29.

Expand Energy Stock Performance

NASDAQ:EXE opened at $109.90 on Friday. 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 $26.17 billion, a price-to-earnings ratio of 31.22 and a beta of 0.46. The company’s 50-day moving average is $110.91 and its two-hundred day moving average is $105.62. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current 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.