Stanley Laman Group Ltd. Acquires New Shares in Expand Energy Corporation $EXE

Stanley Laman Group Ltd. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, HoldingsChannel.com reports. The firm bought 17,706 shares of the company’s stock, valued at approximately $1,881,000.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Expand Energy during the 1st quarter worth $28,000. MAI Capital Management purchased a new position in Expand Energy during the 1st quarter valued at about $30,000. Assetmark Inc. raised its position in 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 last quarter. JFS Wealth Advisors LLC raised its position in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after acquiring an additional 170 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

EXE has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Mizuho boosted their price target on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Morgan Stanley increased their price objective on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, UBS Group boosted their target price on shares of Expand Energy from $132.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Stock Down 0.5%

EXE opened at $109.77 on Monday. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62. The business has a 50-day moving average of $113.13 and a two-hundred day moving average of $106.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 31.18 and a beta of 0.46.

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

Expand Energy Announces Dividend

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