35,565 Shares in Expand Energy Corporation $EXE Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,565 shares of the company’s stock, valued at approximately $2,991,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Expand Energy during the second quarter valued at $1,778,004,000. Oaktree Capital Management LP raised its stake in Expand Energy by 3.5% in the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock worth $574,970,000 after acquiring an additional 175,114 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Expand Energy by 94.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after acquiring an additional 2,188,422 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Expand Energy by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock worth $270,838,000 after acquiring an additional 166,407 shares during the period. Finally, Bank of America Corp DE lifted its position in Expand Energy by 9.9% during the 1st quarter. Bank of America Corp DE now owns 1,921,098 shares of the company’s stock worth $210,898,000 after acquiring an additional 173,503 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 0.9%

NASDAQ EXE opened at $87.80 on Friday. Expand Energy Corporation has a 1 year low of $83.25 and a 1 year high of $126.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $20.28 billion, a PE ratio of 7.61 and a beta of 0.40. The company has a fifty day moving average of $90.14 and a 200 day moving average of $95.99.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.17. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.85 billion. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. Research analysts forecast that Expand Energy Corporation will post 8.73 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.5750 per share. This represents a $2.30 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Expand Energy’s dividend payout ratio (DPR) is 19.93%.

Analysts Set New Price Targets

EXE has been the topic of several research analyst reports. Scotiabank began coverage on Expand Energy in a research note on Wednesday, October 14th. They set an “outperform” rating and a $111.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $117.00 price objective on shares of Expand Energy in a research note on Tuesday, October 20th. Benchmark decreased their target price on Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Mizuho dropped their target price on Expand Energy from $145.00 to $138.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Expand Energy from $124.00 to $121.00 in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.08.

Expand Energy Profile

Expand Energy Corporation is an independent natural gas exploration and production company focused on developing U.S. shale resources. Its activities include acquiring, exploring and operating oil and natural gas properties, with natural gas as its primary product. The company’s operations are concentrated in the Haynesville region of Louisiana and the Appalachia region, which includes the Marcellus and Utica formations. Its production supports the domestic natural gas market and related energy infrastructure.