Aurora Investment Counsel Decreases Stock Holdings in Expand Energy Corporation $EXE

Aurora Investment Counsel trimmed its position in shares of Expand Energy Corporation (NASDAQ:EXEFree Report) by 21.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,195 shares of the company’s stock after selling 2,190 shares during the period. Aurora Investment Counsel’s holdings in Expand Energy were worth $958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Uncommon Cents Investing LLC raised its holdings in shares of Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after acquiring an additional 110 shares in the last quarter. Essex Savings Bank raised its holdings in Expand Energy by 5.3% during the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after buying an additional 121 shares during the period. Signaturefd LLC raised its holdings in Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after buying an additional 134 shares during the period. US Bancorp DE raised its holdings in Expand Energy by 1.0% during the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock valued at $1,972,000 after buying an additional 162 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after buying an additional 170 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $106.90 on Tuesday. Expand Energy Corporation has a 52 week low of $82.69 and a 52 week high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $99.63 and its two-hundred day moving average is $105.77. The company has a market capitalization of $25.46 billion, a PE ratio of 274.11 and a beta of 0.47.

Expand Energy (NASDAQ:EXEGet Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. Expand Energy’s dividend payout ratio is presently 589.74%.

Analysts Set New Price Targets

Several research firms recently weighed in on EXE. Capital One Financial decreased their price target on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Raymond James Financial restated a “strong-buy” rating and set a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Barclays decreased their price target on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. William Blair assumed coverage on Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating on the stock. Finally, KeyCorp cut their price objective on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Two equities 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.62.

Check Out Our Latest Stock Analysis on Expand Energy

Insiders Place Their Bets

In other news, COO Joshua J. Viets purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the firm’s 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. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by corporate insiders.

Expand Energy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expand Energy Corporation (NASDAQ:EXEFree Report).

Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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