Stephens Inc. AR Boosts Stock Holdings in Expand Energy Corporation $EXE

Stephens Inc. AR boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,484 shares of the company’s stock after purchasing an additional 1,070 shares during the period. Stephens Inc. AR’s holdings in Expand Energy were worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EXE. Vanguard Group Inc. purchased a new position in Expand Energy in the first quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD purchased a new position in Expand Energy in the first quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new position in Expand Energy in the first quarter valued at approximately $701,831,000. Wellington Management Group LLP purchased a new position in Expand Energy in the first quarter valued at approximately $624,083,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Expand Energy in the first quarter valued at approximately $518,328,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the topic of several research analyst reports. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. The Goldman Sachs Group dropped their target price on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Morgan Stanley dropped their target price on Expand Energy from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Finally, Siebert Williams Shank dropped their target price on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

Insider Buying and Selling at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Joshua J. Viets purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the acquisition, the chief operating officer owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Expand Energy Trading Up 0.1%

NASDAQ:EXE opened at $104.46 on Friday. The company has a market cap of $24.88 billion, a P/E ratio of 267.85 and a beta of 0.47. The stock’s fifty day moving average price is $100.18 and its two-hundred day moving average price is $105.79. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. As a group, analysts expect 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.