Expand Energy Corporation $EXE Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 397,850 shares of the company’s stock after acquiring an additional 6,257 shares during the period. Rhumbline Advisers owned 0.17% of Expand Energy worth $46,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EXE. Uncommon Cents Investing LLC lifted its holdings in shares of Expand Energy by 6.0% in the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares in the last quarter. Essex Savings Bank lifted its stake in Expand Energy by 5.3% in the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after buying an additional 121 shares in the last quarter. Signaturefd LLC grew its holdings in Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after buying an additional 134 shares during the last quarter. Finally, US Bancorp DE increased 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 buying an additional 162 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXE has been the subject of several analyst reports. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Morgan Stanley lifted their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Mizuho set a $136.00 price objective on shares of Expand Energy in a research report on Monday, September 15th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 target price (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Finally, Jefferies Financial Group reduced their price target on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.32.

Expand Energy Stock Up 1.4%

Shares of EXE opened at $116.55 on Tuesday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $123.35. The company’s fifty day moving average is $107.15 and its two-hundred day moving average is $106.85. The firm has a market cap of $27.76 billion, a PE ratio of 33.11 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. Analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Expand Energy 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.