Hara Capital LLC Sells 28,310 Shares of Expand Energy Corporation $EXE

Hara Capital LLC reduced its holdings in Expand Energy Corporation (NASDAQ:EXE) by 90.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,045 shares of the company’s stock after selling 28,310 shares during the quarter. Hara Capital LLC’s holdings in Expand Energy were worth $356,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EXE. Uncommon Cents Investing LLC lifted its holdings in shares of Expand Energy by 6.0% during the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after buying an additional 110 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after acquiring an additional 112 shares during the period. Essex Savings Bank grew its holdings in shares of Expand Energy by 5.3% during the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after purchasing an additional 121 shares in the last quarter. Signaturefd LLC increased its position in shares of Expand Energy by 5.6% during the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after purchasing an additional 134 shares during the period. Finally, Florida Financial Advisors LLC raised its stake in shares of Expand Energy by 6.5% in the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 1.3%

Shares of Expand Energy stock opened at $112.79 on Friday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The stock has a market capitalization of $26.86 billion, a P/E ratio of 32.04 and a beta of 0.45. The company has a 50-day simple moving average of $111.55 and a 200 day simple moving average of $107.43. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last issued 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. The firm 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%. Research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXE. Roth Capital downgraded shares of Expand Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price objective (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Barclays lowered their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. KeyCorp dropped their price target on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 1st. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.44.

About Expand Energy

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.