Fox Run Management L.L.C. Acquires 581 Shares of Expand Energy Corporation $EXE

Fox Run Management L.L.C. lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,240 shares of the company’s stock after acquiring an additional 581 shares during the quarter. Fox Run Management L.L.C.’s holdings in Expand Energy were worth $1,431,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Harbour Investments Inc. acquired a new stake in Expand Energy during the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new position in shares of Expand Energy in the first quarter valued at $27,000. Quarry LP bought a new position in shares of Expand Energy in the first quarter valued at about $28,000. Cheviot Value Management LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth about $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth about $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the business’s stock in a transaction that occurred 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 directly owned 166,715 shares of the company’s stock, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joshua J. Viets acquired 2,000 shares of Expand Energy stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.19% of the company’s stock.

Expand Energy Stock Up 1.7%

Shares of EXE opened at $112.45 on Friday. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $123.35. The firm’s 50 day moving average is $102.59 and its 200-day moving average is $106.03. The stock has a market capitalization of $26.78 billion, a PE ratio of 31.95 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $2.97 billion during 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%. Equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXE shares. Jefferies Financial Group decreased their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. UBS Group boosted their price objective on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 target price (up previously from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. KeyCorp dropped their price target on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, Piper Sandler reduced their price target on Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Two 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’s stock. Based on data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.24.

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.