Expand Energy Corporation $EXE Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,149 shares of the company’s stock after acquiring an additional 10,919 shares during the period. Cibc World Market Inc.’s holdings in Expand Energy were worth $8,303,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EXE. Assetmark Inc. grew its position in shares of Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares in the last quarter. ESL Trust Services LLC acquired a new position in Expand Energy during the third quarter worth $32,000. Cullen Frost Bankers Inc. boosted its stake in Expand Energy by 374.3% during the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after buying an additional 262 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after buying an additional 199 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Expand Energy in the 3rd quarter worth $47,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXE. Citigroup boosted their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Sanford C. Bernstein reduced their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Barclays dropped their price target on shares of Expand Energy from $136.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Finally, Morgan Stanley upped their price objective on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.29.

Expand Energy Price Performance

Expand Energy stock opened at $104.05 on Friday. The company’s 50 day simple moving average is $108.07 and its 200-day simple moving average is $105.88. 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 Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 29.56 and a beta of 0.46.

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.