Castleark Management LLC Boosts Stock Position in Expand Energy Corporation $EXE

Castleark Management LLC raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 416.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,240 shares of the company’s stock after buying an additional 71,950 shares during the period. Castleark Management LLC’s holdings in Expand Energy were worth $10,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EXE. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth about $27,000. Quarry LP acquired a new stake in Expand Energy during the first quarter worth approximately $28,000. Assetmark Inc. lifted its position in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after buying an additional 184 shares during the last quarter. MAI Capital Management acquired a new position in shares of Expand Energy in the 1st quarter valued at $30,000. Finally, JFS Wealth Advisors LLC grew its position in shares of Expand Energy by 125.9% in 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 last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXE. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. Wells Fargo & Company raised Expand Energy to a “hold” rating in a report on Thursday, October 16th. William Blair started coverage on Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating on the stock. UBS Group boosted their price objective on Expand Energy from $132.00 to $154.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price objective (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Stock Down 1.3%

EXE opened at $112.79 on Friday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The business has a 50 day moving average price of $111.55 and a two-hundred day moving average price of $107.36. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $26.86 billion, a PE ratio of 32.04 and a beta of 0.45.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. As a group, research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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

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.