Expand Energy Corporation $EXE Holdings Raised by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 5.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,888 shares of the company’s stock after purchasing an additional 595 shares during the quarter. First Eagle Investment Management LLC’s holdings in Expand Energy were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. acquired a new position in shares of Expand Energy in the first quarter worth about $27,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy in the 1st quarter valued at approximately $27,000. Quarry LP acquired a new position in Expand Energy in the 1st quarter worth approximately $28,000. Cheviot Value Management LLC purchased a new position in Expand Energy during the 1st quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in Expand Energy during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer owned 61,676 shares in the company, valued at approximately $5,684,060.16. The trade was 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXE. Jefferies Financial Group decreased their target price on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Roth Capital downgraded Expand Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Morgan Stanley raised their price objective on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. KeyCorp lowered their target price on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.24.

Expand Energy Price Performance

NASDAQ EXE opened at $112.45 on Monday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $123.35. The stock’s 50-day moving average is $102.59 and its two-hundred day moving average is $106.06. The firm has a market cap of $26.78 billion, a P/E ratio of 31.95 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 0.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share 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. Stockholders of record on Thursday, November 13th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, November 13th. Expand Energy’s payout ratio is presently 65.34%.

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.