Murphy Pohlad Asset Management LLC Has $2.38 Million Holdings in Expand Energy Corporation $EXE

Murphy Pohlad Asset Management LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,321 shares of the company’s stock after purchasing an additional 436 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Expand Energy were worth $2,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Uncommon Cents Investing LLC lifted its position in Expand Energy by 6.0% during the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after acquiring an additional 110 shares during the last quarter. Essex Savings Bank lifted its position in Expand Energy by 5.3% during the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after acquiring an additional 121 shares during the last quarter. Signaturefd LLC lifted its position in Expand Energy by 5.6% during the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after acquiring an additional 134 shares during the last quarter. US Bancorp DE lifted its position in Expand Energy by 1.0% during the second quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after acquiring an additional 162 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after acquiring an additional 170 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EXE. Mizuho set a $136.00 price objective on shares of Expand Energy in a research report on Monday, September 15th. Wells Fargo & Company raised Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Barclays reduced their price target on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Piper Sandler reduced their price target on Expand Energy from $140.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 14th. Finally, William Blair began coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.24.

Insider Activity at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $92.16 per share, with a total value 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 approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.19% of the stock is owned by insiders.

Expand Energy Stock Up 0.1%

Shares of EXE opened at $100.52 on Friday. Expand Energy Corporation has a one year low of $83.10 and a one year high of $123.35. The company has a market cap of $23.94 billion, a P/E ratio of 28.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $100.96 and a two-hundred day simple moving average of $105.83.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, November 13th. Expand Energy’s payout ratio is currently 589.74%.

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.