Expand Energy Corporation $EXE Stock Bought by apricus wealth LLC

Key Points

• Apricus Wealth LLC increased its Expand Energy stake by 40.8% in the third quarter, adding 17,070 shares to hold 58,950 shares valued at approximately $4.96 million. The position represents about 2.2% of the firm’s portfolio.
• Institutional ownership remains very high at 97.93%, with BlackRock, Bank of New York Mellon, Bank of America, Man Group, and Canoe Financial among investors recently building positions.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $123.11, despite several firms recently lowering their targets.

apricus wealth LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 40.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,950 shares of the company's stock after buying an additional 17,070 shares during the quarter. Expand Energy accounts for approximately 2.2% of apricus wealth LLC's portfolio, making the stock its 8th largest holding. apricus wealth LLC's holdings in Expand Energy were worth $4,957,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Expand Energy during the 2nd quarter valued at about $1,778,004,000. Bank of New York Mellon Corp purchased a new position in shares of Expand Energy during the second quarter valued at approximately $267,109,000. Bank of America Corp DE purchased a new position in Expand Energy during the second quarter valued at $150,896,000. Man Group plc bought a new position in Expand Energy in the 2nd quarter worth about $148,227,000. Finally, Canoe Financial LP lifted its stake in shares of Expand Energy by 585.9% in the third quarter. Canoe Financial LP now owns 1,748,406 shares of the company's stock worth $149,348,000 after buying an additional 1,493,514 shares in the last quarter. Institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

EXE has been the topic of a number of research analyst reports. Johnson Rice downgraded Expand Energy from a "buy" rating to an "accumulate" rating and lowered their price target for the company from $135.00 to $125.00 in a report on Monday, August 17th. Morgan Stanley reduced their price objective on Expand Energy from $129.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Mizuho decreased their target price on shares of Expand Energy from $145.00 to $138.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 6th. Jefferies Financial Group lowered their price objective on Expand Energy from $143.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, October 1st. Finally, Stifel Nicolaus began coverage on shares of Expand Energy in a research report on Wednesday, September 9th. They set a "buy" rating and a $135.00 target price for the company. Three equities 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.11.

Expand Energy Price Performance

Expand Energy stock opened at $94.02 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 11.47 and a beta of 0.41. The firm has a 50-day moving average of $92.24 and a two-hundred day moving average of $97.05. Expand Energy Corporation has a 1 year low of $83.25 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. On average, research analysts forecast that Expand Energy Corporation will post 8.59 earnings per share for the current year.

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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