Fox Run Management L.L.C. Buys New Position in Expand Energy Corporation $EXE

Fox Run Management L.L.C. bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,309 shares of the company’s stock, valued at approximately $1,358,000.

Several other hedge funds have also recently added to or reduced their stakes in EXE. Vanguard Group Inc. lifted its position in shares of Expand Energy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after acquiring an additional 646,330 shares during the period. Capital Research Global Investors lifted its position in shares of Expand Energy by 33.2% in the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after acquiring an additional 5,291,948 shares during the period. State Street Corp lifted its position in shares of Expand Energy by 8.3% in the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Invesco Ltd. lifted its position in shares of Expand Energy by 16.5% in the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after acquiring an additional 619,001 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the period. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling

In related news, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $93.36 per share, with a total value of $93,360.00. Following the completion of the acquisition, the chief executive officer owned 84,498 shares in the company, valued at $7,888,733.28. This represents a 1.20% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Trading Down 1.8%

Shares of EXE opened at $88.78 on Wednesday. Expand Energy Corporation has a 1 year low of $88.36 and a 1 year high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $97.49 and a 200-day simple moving average of $105.04. The stock has a market cap of $21.24 billion, a PE ratio of 6.62 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts predict that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio is presently 17.15%.

Analysts Set New Price Targets

A number of brokerages have commented on EXE. Morgan Stanley reduced their price objective on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Stephens raised their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.45.

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.