Expand Energy Corporation $EXE Stock Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,720 shares of the company’s stock after selling 10,000 shares during the period. Expand Energy accounts for about 1.4% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 24th biggest holding. Schwartz Investment Counsel Inc. owned 0.20% of Expand Energy worth $39,583,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new position in Expand Energy in the 2nd quarter worth approximately $1,778,004,000. Oaktree Capital Management LP raised its stake in Expand Energy by 3.5% during the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after acquiring an additional 175,114 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Expand Energy by 94.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock valued at $493,890,000 after acquiring an additional 2,188,422 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Expand Energy by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock valued at $270,838,000 after acquiring an additional 166,407 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Expand Energy by 9.9% during the 1st quarter. Bank of America Corp DE now owns 1,921,098 shares of the company’s stock valued at $210,898,000 after acquiring an additional 173,503 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXE. Wolfe Research reiterated an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Raymond James Financial lowered their price target on Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating on the stock in a report on Monday, October 5th. Mizuho lowered their price target on Expand Energy from $145.00 to $138.00 and set an “outperform” rating on the stock in a report on Tuesday, October 6th. Weiss Ratings cut shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, Citigroup reduced their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.11.

Expand Energy News Roundup

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Quarterly earnings beat estimates: Expand Energy reported adjusted earnings of $1.46 per share, above the $1.28–$1.29 consensus estimate and up from $0.97 a year earlier. The stronger-than-expected profit growth is the primary positive catalyst for the stock. Expand Energy Surpasses Q3 Earnings Estimates
• Positive Sentiment: Revenue significantly exceeded expectations: Third-quarter revenue was $3.29 billion versus the $2.85 billion FactSet estimate, providing evidence of stronger operating performance and demand than analysts had projected. Expand Energy Q3 Revenue Earnings Flash
• Positive Sentiment: Profitability remained solid: The company reported a 20.46% net margin and 10.33% return on equity. Coverage describing the quarter and outlook as strong may support investor confidence in future results. Expand Energy Posts Strong Q3 Results and Outlook
• Neutral Sentiment: Sell-side analysts generally rate Expand Energy a “Moderate Buy,” while investors continue to assess whether the recent earnings strength is sustainable amid natural-gas price volatility.

Expand Energy Price Performance

Expand Energy stock opened at $94.62 on Wednesday. The firm has a 50 day simple moving average of $92.25 and a 200-day simple moving average of $96.99. The stock has a market capitalization of $21.90 billion, a PE ratio of 8.17 and a beta of 0.41. Expand Energy Corporation has a 12-month low of $83.25 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.17. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $2.85 billion. On average, analysts forecast that Expand Energy Corporation will post 8.59 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.5750 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Expand Energy Profile

Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.