Citigroup Inc. Has $36.26 Million Holdings in Expand Energy Corporation $EXE

Citigroup Inc. decreased its stake in Expand Energy Corporation (NASDAQ:EXE) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 341,331 shares of the company’s stock after selling 43,612 shares during the period. Citigroup Inc. owned approximately 0.14% of Expand Energy worth $36,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goehring & Rozencwajg Associates LLC boosted its holdings in Expand Energy by 0.4% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 110,801 shares of the company’s stock valued at $11,771,000 after purchasing an additional 418 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Expand Energy by 16.0% in the third quarter. Jupiter Asset Management Ltd. now owns 4,610 shares of the company’s stock valued at $490,000 after buying an additional 636 shares during the period. King Luther Capital Management Corp grew its position in Expand Energy by 28.8% during the third quarter. King Luther Capital Management Corp now owns 205,475 shares of the company’s stock worth $21,830,000 after buying an additional 45,889 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in Expand Energy by 54.5% during the third quarter. Levin Capital Strategies L.P. now owns 217,200 shares of the company’s stock valued at $23,075,000 after acquiring an additional 76,616 shares during the period. Finally, CenterBook Partners LP raised its holdings in Expand Energy by 29.5% in the 3rd quarter. CenterBook Partners LP now owns 15,828 shares of the company’s stock valued at $1,682,000 after acquiring an additional 3,606 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $103.18 on Wednesday. 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 Corporation has a one year low of $91.01 and a one year high of $126.62. The business’s 50 day simple moving average is $106.61 and its 200-day simple moving average is $106.04. 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 (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

EXE has been the topic of several recent research reports. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Benchmark reaffirmed a “buy” rating on shares of Expand Energy in a research report on Wednesday, February 18th. Jefferies Financial Group reiterated a “buy” rating and set a $141.00 price target on shares of Expand Energy in a research note on Thursday, February 19th. Citigroup raised their price objective on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Piper Sandler decreased their target price on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Buy” and an average target price of $129.92.

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.