Asset Management One Co. Ltd. Increases Stock Position in Expand Energy Corporation $EXE

Asset Management One Co. Ltd. grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,471 shares of the company’s stock after acquiring an additional 1,109 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Expand Energy were worth $9,878,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Expand Energy in the first quarter worth about $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,179,000. Wedbush Securities Inc. bought a new position in shares of Expand Energy during the 1st quarter valued at approximately $210,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Expand Energy during the 1st quarter valued at approximately $1,383,000. Finally, Bessemer Group Inc. bought a new position in shares of Expand Energy during the 1st quarter valued at approximately $75,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Trading Up 0.1%

NASDAQ:EXE opened at $103.88 on Tuesday. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $24.74 billion, a P/E ratio of 266.37 and a beta of 0.47. The stock has a 50-day simple moving average of $100.57 and a 200-day simple moving average of $105.87.

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

Analysts Set New Price Targets

EXE has been the topic of several research analyst reports. Morgan Stanley cut their price objective on Expand Energy from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Barclays reduced their price objective on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Tudor Pickering & Holt dropped their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and a consensus price target of $128.16.

Insider Buying and Selling

In related news, COO Joshua J. Viets bought 2,000 shares of the 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 acquisition, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were bought at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was 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 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.