15,310 Expand Energy Corporation $EXE Shares Sold by ProShare Advisors LLC

Key Points

• ProShare Advisors cut its Expand Energy stake by 27.4% in the third quarter, selling 15,310 shares and retaining 40,639 shares valued at about $3.4 million.
• Expand Energy beat quarterly estimates, reporting EPS of $1.46 versus $1.29 expected and revenue of $3.29 billion versus $2.85 billion expected. It also declared a $0.575 quarterly dividend, equivalent to a 2.7% yield.
• Analysts maintain a “Moderate Buy” consensus with a $123 average price target; institutional investors collectively own 97.93% of the stock.

ProShare Advisors LLC cut its position in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,639 shares of the company's stock after selling 15,310 shares during the period. ProShare Advisors LLC's holdings in Expand Energy were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Expand Energy in the second quarter worth $1,778,004,000. Oaktree Capital Management LP increased its position in shares of Expand Energy by 3.5% during the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company's stock worth $574,970,000 after acquiring an additional 175,114 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Expand Energy by 94.7% in the first 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 shares of Expand Energy by 7.2% in the first 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 shares of Expand Energy by 9.9% in the first 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 hedge funds and other institutional investors.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $85.34 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Expand Energy Corporation has a fifty-two week low of $83.25 and a fifty-two week high of $126.62. The business has a 50 day moving average price of $91.31 and a two-hundred day moving average price of $96.55. The firm has a market cap of $19.71 billion, a PE ratio of 7.40 and a beta of 0.40.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.17. Expand Energy had a net margin of 19.78% and a return on equity of 10.69%. The company had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $2.85 billion. Sell-side analysts expect that Expand Energy Corporation will post 8.73 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.5750 dividend. This represents a $2.30 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 12th. Expand Energy's dividend payout ratio (DPR) is presently 19.93%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of research reports. Roth Capital reaffirmed a "neutral" rating and issued a $93.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Wolfe Research reiterated an "outperform" rating and set a $114.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Freedom Broker raised Expand Energy to a "strong-buy" rating in a report on Thursday, September 3rd. The Goldman Sachs Group restated a "buy" rating and issued a $117.00 price target on shares of Expand Energy in a research report on Tuesday, October 20th. Finally, Benchmark reduced their price objective on Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Expand Energy Company 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.

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