State of New Jersey Common Pension Fund D Buys 655 Shares of Expand Energy Corporation $EXE

State of New Jersey Common Pension Fund D increased its stake in Expand Energy Corporation (NASDAQ:EXE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,704 shares of the company’s stock after purchasing an additional 655 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Expand Energy were worth $8,034,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Expand Energy in the 1st quarter valued at about $2,973,033,000. Price T Rowe Associates Inc. MD bought a new position in Expand Energy in the first quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in Expand Energy in the first quarter valued at approximately $701,831,000. Wellington Management Group LLP bought a new position in Expand Energy in the first quarter valued at approximately $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Expand Energy in the first quarter valued at approximately $518,328,000. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on EXE. The Goldman Sachs Group decreased their price target on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. UBS Group decreased their target price on Expand Energy from $132.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Tudor Pickering & Holt decreased their target price on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. William Blair started coverage on shares of Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating on the stock. Finally, Barclays decreased their price target on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $127.62.

Expand Energy Stock Performance

NASDAQ:EXE opened at $103.77 on Monday. The stock has a market cap of $24.71 billion, a P/E ratio of 266.08 and a beta of 0.47. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $100.35 and its 200-day moving average is $105.87. Expand Energy Corporation has a 1-year low of $82.69 and a 1-year high of $123.35.

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

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.