Marshall Wace LLP Buys 105,584 Shares of Expand Energy Corporation $EXE

Marshall Wace LLP lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 74.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 247,023 shares of the company’s stock after purchasing an additional 105,584 shares during the quarter. Marshall Wace LLP’s holdings in Expand Energy were worth $28,887,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. bought a new position in Expand Energy during the 1st quarter valued at about $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Expand Energy during the first quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of Expand Energy during the first quarter worth approximately $28,000. MAI Capital Management bought a new position in shares of Expand Energy in the first quarter valued at approximately $30,000. Finally, Assetmark Inc. boosted its holdings in shares of Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Up 0.6%

NASDAQ EXE opened at $122.86 on Monday. The stock has a market capitalization of $29.26 billion, a P/E ratio of 34.90 and a beta of 0.45. 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 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $110.69 and a 200-day moving average of $107.29.

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

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. Expand Energy’s dividend payout ratio is presently 65.34%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXE. Mizuho set a $136.00 price target on Expand Energy in a report on Monday, September 15th. Raymond James Financial restated a “strong-buy” rating and set a $150.00 target price (up previously from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Barclays cut their price target on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, William Blair began coverage on shares of Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.32.

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.