Cullen Frost Bankers Inc. Has $39,000 Holdings in Expand Energy Corporation $EXE

Cullen Frost Bankers Inc. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 374.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 332 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Expand Energy were worth $39,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EXE. GAMMA Investing LLC acquired a new stake in shares of Expand Energy during the first quarter worth $328,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Expand Energy during the first quarter worth $1,179,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Expand Energy in the first quarter worth $1,383,000. Bessemer Group Inc. acquired a new stake in Expand Energy in the first quarter worth $75,000. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in Expand Energy in the first quarter worth $5,050,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Down 0.7%

Expand Energy stock opened at $103.77 on Monday. Expand Energy Corporation has a 1-year low of $82.69 and a 1-year high of $123.35. The firm has a market capitalization of $24.71 billion, a price-to-earnings ratio of 266.08 and a beta of 0.47. The firm’s fifty day moving average price is $100.35 and its two-hundred day moving average price is $105.87. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joshua J. Viets acquired 2,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EXE shares. Morgan Stanley reduced their price target on shares of Expand Energy from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Siebert Williams Shank reduced their price target on shares of Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Wolfe Research reduced their price target on shares of Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. The Goldman Sachs Group reduced their price target on shares of Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Finally, UBS Group reduced their price target on shares of Expand Energy from $132.00 to $131.00 and set a “buy” rating for the company in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

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.