ProShare Advisors LLC Has $6.75 Million Stake in Expand Energy Corporation $EXE

ProShare Advisors LLC raised its position in Expand Energy Corporation (NASDAQ:EXE) by 44.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,692 shares of the company’s stock after purchasing an additional 17,628 shares during the quarter. ProShare Advisors LLC’s holdings in Expand Energy were worth $6,747,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXE. King Luther Capital Management Corp increased its stake in shares of Expand Energy by 12.9% in the second quarter. King Luther Capital Management Corp now owns 159,586 shares of the company’s stock valued at $18,662,000 after buying an additional 18,262 shares during the period. Campbell & CO Investment Adviser LLC grew its holdings in Expand Energy by 55.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 17,356 shares of the company’s stock worth $2,030,000 after acquiring an additional 6,167 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Expand Energy by 204.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 207,620 shares of the company’s stock valued at $24,279,000 after acquiring an additional 139,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Expand Energy by 12.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 473,349 shares of the company’s stock valued at $55,353,000 after acquiring an additional 51,072 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Expand Energy by 16.8% during the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after acquiring an additional 112 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Mizuho set a $136.00 target price on Expand Energy in a report on Monday, September 15th. Jefferies Financial Group decreased their price target on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Expand Energy in a research report on Wednesday, October 8th. Finally, UBS Group upped their target price on Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.24.

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of Expand Energy stock in a transaction on Friday, August 15th. The stock was purchased 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 owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.19% of the stock is currently owned by corporate insiders.

Expand Energy Stock Up 0.7%

Shares of NASDAQ:EXE opened at $119.46 on Thursday. The business’s 50-day moving average is $103.81 and its 200-day moving average is $106.32. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $123.35. The company has a market capitalization of $28.45 billion, a price-to-earnings ratio of 33.94 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81.

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 firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. Equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 1.9%. Expand Energy’s dividend payout ratio is currently 65.34%.

Expand Energy 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.