Mutual of America Capital Management LLC Purchases 6,707 Shares of Expand Energy Corporation $EXE

Mutual of America Capital Management LLC lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 8.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 85,508 shares of the company’s stock after buying an additional 6,707 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Expand Energy were worth $9,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new stake in Expand Energy in the 1st quarter worth approximately $27,000. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the 1st quarter worth approximately $28,000. Quarry LP acquired a new stake in Expand Energy in the 1st quarter worth approximately $28,000. Finally, Cheviot Value Management LLC acquired a new stake in Expand Energy in the 1st quarter worth approximately $29,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EXE shares. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 target price (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Barclays reduced their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group reduced their target price on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 3rd. The Goldman Sachs Group reduced their target price on Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Finally, Capital One Financial cut their price target on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

Expand Energy Stock Up 2.2%

Shares of EXE stock opened at $100.78 on Monday. Expand Energy Corporation has a 12 month low of $82.69 and a 12 month high of $123.35. The firm has a market cap of $24.00 billion, a PE ratio of 258.42 and a beta of 0.47. The stock has a 50 day moving average of $99.45 and a 200-day moving average of $105.72. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, equities analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy’s payout ratio is currently 589.74%.

Insider Buying and Selling

In other news, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction dated Monday, August 18th. The shares were acquired at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Expand Energy Company 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.