Expand Energy Corporation $EXE Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 6.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,755 shares of the company’s stock after purchasing an additional 23,810 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Expand Energy were worth $39,814,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new stake in Expand Energy during the 1st quarter worth approximately $28,000. MAI Capital Management purchased a new stake in shares of Expand Energy during the first quarter worth $30,000. Assetmark Inc. increased its position in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after acquiring an additional 184 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Expand Energy by 125.9% in the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after acquiring an additional 170 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Expand Energy by 374.3% in the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock valued at $39,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE stock opened at $109.49 on Friday. The business has a 50 day moving average price of $112.56 and a 200 day moving average price of $106.86. 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 stock has a market cap of $26.08 billion, a price-to-earnings ratio of 31.11 and a beta of 0.45. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

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

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s payout ratio is 65.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a report on Thursday, October 16th. Jefferies Financial Group cut their target price on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. William Blair began coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. Raymond James Financial reiterated 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. Finally, Citigroup raised their price objective on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $129.44.

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.