228,800 Shares in Expand Energy Corporation $EXE Bought by Gemsstock Ltd.

Gemsstock Ltd. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 228,800 shares of the company’s stock, valued at approximately $24,308,000. Expand Energy accounts for about 6.4% of Gemsstock Ltd.’s investment portfolio, making the stock its 7th largest position. Gemsstock Ltd. owned approximately 0.10% of Expand Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXE. Assetmark Inc. raised 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 valued at $30,000 after buying an additional 184 shares during the last quarter. ESL Trust Services LLC acquired a new stake in Expand Energy during the third quarter worth about $32,000. Smartleaf Asset Management LLC increased its stake in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares during the period. Root Financial Partners LLC acquired a new position in Expand Energy in the 3rd quarter valued at approximately $47,000. Finally, CX Institutional bought a new stake in shares of Expand Energy in the 3rd quarter worth approximately $52,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Performance

Expand Energy stock opened at $106.29 on Friday. The firm has a market capitalization of $25.55 billion, a P/E ratio of 14.10 and a beta of 0.46. The stock has a fifty day moving average price of $106.52 and a two-hundred day moving average price of $106.04. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s payout ratio is presently 30.50%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXE shares. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Mizuho boosted their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Piper Sandler reduced their price objective on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Finally, Barclays decreased their target price on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy currently has a consensus rating of “Buy” and a consensus target price of $129.92.

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.