Point Nemo Capital LLC Makes New Investment in Expand Energy Corporation $EXE

Point Nemo Capital LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 14,655 shares of the company’s stock, valued at approximately $1,232,000.

Several other large investors also recently added to or reduced their stakes in EXE. BlackRock Inc. purchased a new position in Expand Energy during the second quarter worth about $1,778,004,000. Oaktree Capital Management LP raised its holdings in shares of Expand Energy by 3.5% in the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after acquiring an additional 175,114 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $493,890,000 after acquiring an additional 2,188,422 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Expand Energy by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock valued at $270,838,000 after acquiring an additional 166,407 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of 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 valued at $210,898,000 after acquiring an additional 173,503 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 0.9%

Shares of NASDAQ:EXE opened at $84.60 on Friday. The stock has a market capitalization of $19.54 billion, a P/E ratio of 7.33 and a beta of 0.40. The stock’s 50-day moving average price is $91.05 and its 200-day moving average price is $96.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. Expand Energy Corporation has a 12-month low of $83.25 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.17. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $2.85 billion. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. On average, equities analysts anticipate that Expand Energy Corporation will post 8.73 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be given a dividend of $0.5750 per share. This represents a $2.30 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 12th. Expand Energy’s dividend payout ratio (DPR) is presently 19.93%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Freedom Broker raised Expand Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Barclays lowered their target price on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Benchmark dropped their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Roth Capital reiterated a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, Scotiabank began coverage on shares of Expand Energy in a research note on Wednesday, October 14th. They issued an “outperform” rating and a $111.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

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.

Expand Energy was formed in 2024 through the merger of Chesapeake Energy and Southwestern Energy.