Cullen Frost Bankers Inc. Purchases 262 Shares of Expand Energy Corporation $EXE

Cullen Frost Bankers Inc. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 374.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 332 shares of the company’s stock after acquiring an additional 262 shares during the period. Cullen Frost Bankers Inc.’s holdings in Expand Energy were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $3,757,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,179,000. Wedbush Securities Inc. bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $210,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,383,000. Finally, Bessemer Group Inc. bought a new position in Expand Energy in the 1st quarter valued at approximately $75,000. Institutional investors own 97.93% of the company’s stock.

Insider Activity at Expand Energy

In other Expand Energy news, COO Joshua J. Viets purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the transaction, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. The trade was a 3.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was acquired at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

Expand Energy Trading Down 0.7%

Shares of NASDAQ EXE opened at $103.77 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. Expand Energy Corporation has a 52-week low of $82.69 and a 52-week high of $123.35. The firm has a 50 day moving average price of $100.35 and a two-hundred day moving average price of $105.87. The stock has a market cap of $24.71 billion, a P/E ratio of 266.08 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EXE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Expand Energy in a research note on Saturday. Mizuho set a $136.00 price objective on shares of Expand Energy in a research note on Monday, September 15th. The Goldman Sachs Group dropped their price objective on shares of Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Finally, Wolfe Research dropped their price objective on shares of Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Expand Energy has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

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.