State of New Jersey Common Pension Fund D Acquires 655 Shares of Expand Energy Corporation $EXE

State of New Jersey Common Pension Fund D lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,704 shares of the company’s stock after purchasing an additional 655 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Expand Energy were worth $8,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Expand Energy during the first quarter worth about $328,000. Wealth Enhancement Advisory Services LLC bought a new position in Expand Energy during the 1st quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. bought a new position in Expand Energy during the 1st quarter worth approximately $1,383,000. Bessemer Group Inc. bought a new position in Expand Energy during the 1st quarter worth approximately $75,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Expand Energy during the first quarter worth $5,050,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Stock Performance

Shares of EXE stock opened at $103.77 on Monday. The company’s fifty day simple moving average is $100.35 and its 200-day simple moving average is $105.87. 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 Corporation has a 12 month low of $82.69 and a 12 month high of $123.35. The firm has a market cap of $24.71 billion, a PE ratio of 266.08 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.09 billion. Equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Insider Activity

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was bought 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 of the company’s stock, valued at $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Joshua J. Viets purchased 2,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EXE shares. Tudor Pickering & Holt reduced their price target on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. UBS Group reduced their target price on Expand Energy from $132.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Roth Capital cut Expand Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $98.00 in a report on Monday, August 18th. KeyCorp cut their price objective on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Finally, Bernstein Bank cut their price target on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

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.