AXQ Capital LP Has $1.25 Million Holdings in Expand Energy Corporation $EXE

AXQ Capital LP raised its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 121.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,797 shares of the company’s stock after acquiring an additional 6,478 shares during the period. AXQ Capital LP’s holdings in Expand Energy were worth $1,253,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. boosted its stake in 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. ESL Trust Services LLC bought a new position in Expand Energy during the third quarter worth about $32,000. Cullen Frost Bankers Inc. raised its stake in Expand Energy by 374.3% in the 2nd 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. Smartleaf Asset Management LLC raised its stake in Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Expand Energy in the 3rd quarter valued at about $47,000. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EXE. Mizuho raised their target price on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Sanford C. Bernstein reduced their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings upgraded Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. UBS Group cut their target price on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $129.92.

Expand Energy Stock Performance

Expand Energy stock opened at $103.18 on Tuesday. The business has a 50 day moving average of $106.68 and a 200-day moving average of $106.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. 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 $24.80 billion, a P/E ratio of 13.68 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.

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.