Expand Energy Corporation $EXE is Mudita Advisors LLP’s 9th Largest Position

Mudita Advisors LLP grew its position in Expand Energy Corporation (NASDAQ:EXE) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,100 shares of the company’s stock after acquiring an additional 4,800 shares during the period. Expand Energy comprises 3.5% of Mudita Advisors LLP’s portfolio, making the stock its 9th largest holding. Mudita Advisors LLP’s holdings in Expand Energy were worth $12,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in Expand Energy in the third quarter valued at about $32,000. Smartleaf Asset Management LLC raised its stake in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Expand Energy in the 3rd quarter valued at approximately $47,000. CX Institutional acquired a new stake in shares of Expand Energy in the 3rd quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Expand Energy in the second quarter valued at approximately $70,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Price Performance

EXE stock traded up $0.82 during midday trading on Friday, hitting $108.65. 234,187 shares of the stock were exchanged, compared to its average volume of 3,713,698. The stock’s 50-day moving average price is $105.96 and its 200-day moving average price is $106.89. The stock has a market cap of $26.12 billion, a price-to-earnings ratio of 14.41 and a beta of 0.47. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current 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, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. Research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXE. Piper Sandler upped their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company set a $123.00 target price on shares of Expand Energy in a research report on Monday, February 23rd. Benchmark upped their price target on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reduced their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Expand Energy presently has a consensus rating of “Buy” and an average price target of $131.17.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

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.