Expand Energy Corporation $EXE Stock: Viking Fund Management LLC Lowers Stake

Key Points

• Viking Fund Management reduced its Expand Energy stake by 24.7% in the third quarter, selling 23,000 shares and retaining 70,000 shares valued at approximately $5.9 million. Institutional investors collectively own 97.93% of EXE.
• EXE opened at $91.11, near the lower end of its $83.25–$126.62 52-week range. The company reported quarterly EPS of $1.33, exceeding estimates of $1.13, and pays an annualized dividend of $2.30 per share, yielding about 2.5%.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $123.26, despite several recent target-price cuts.

Viking Fund Management LLC lowered its position in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 24.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,000 shares of the company's stock after selling 23,000 shares during the quarter. Viking Fund Management LLC's holdings in Expand Energy were worth $5,886,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXE. Mather Group LLC. raised its holdings in shares of Expand Energy by 530.4% in the third quarter. Mather Group LLC. now owns 643 shares of the company's stock worth $54,000 after buying an additional 541 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Expand Energy by 2,436.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,674 shares of the company's stock worth $141,000 after acquiring an additional 1,608 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in Expand Energy during the 3rd quarter valued at $541,000. Sax Wealth Advisors LLC purchased a new position in Expand Energy during the 3rd quarter valued at $222,000. Finally, Wedmont Private Capital boosted its holdings in Expand Energy by 5.8% during the 3rd quarter. Wedmont Private Capital now owns 5,867 shares of the company's stock valued at $521,000 after acquiring an additional 320 shares during the period. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Down 1.4%

NASDAQ:EXE opened at $91.11 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. Expand Energy Corporation has a 1-year low of $83.25 and a 1-year high of $126.62. The company has a 50-day moving average of $92.67 and a 200 day moving average of $93.57. The firm has a market cap of $21.09 billion, a PE ratio of 7.87 and a beta of 0.41.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a $0.5750 dividend. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, August 13th. Expand Energy's payout ratio is 19.86%.

Analysts Set New Price Targets

EXE has been the subject of several research analyst reports. Sanford C. Bernstein decreased their target price on Expand Energy from $160.00 to $127.00 and set an "outperform" rating for the company in a research report on Monday, October 5th. Johnson Rice cut shares of Expand Energy from a "buy" rating to an "accumulate" rating and cut their price target for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Scotiabank began coverage on shares of Expand Energy in a research note on Wednesday. They issued an "outperform" rating and a $111.00 price target on the stock. Citigroup reduced their price target on shares of Expand Energy from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Finally, Roth Capital reiterated a "neutral" rating and set a $93.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $123.26.

Expand Energy Company Profile

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company's operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.

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