Fox Run Management L.L.C. Takes Position in Expand Energy Corporation $EXE

Key Points

• Fox Run Management L.L.C. has invested approximately $1.30 million in Expand Energy Corporation (NASDAQ:EXE), acquiring 11,659 shares during the first quarter.
• Expand Energy is currently experiencing analyst activity, with a consensus rating of "Buy" and an average target price of $128.96.
• The company reported $1.10 earnings per share for the last quarter, which was below analysts' expectations, despite revenue exceeding forecasts at $3.69 billion.

Fox Run Management L.L.C. bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,659 shares of the company's stock, valued at approximately $1,298,000.

Several other institutional investors have also recently made changes to their positions in the stock. Harbour Investments Inc. purchased a new position in Expand Energy in the first quarter worth about $27,000. First Horizon Advisors Inc. bought a new position in shares of Expand Energy in the first quarter worth about $28,000. Pinney & Scofield Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at about $29,000. Cheviot Value Management LLC purchased a new position in Expand Energy during the 1st quarter worth approximately $29,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy during the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Trading Up 0.1%

NASDAQ EXE traded up $0.14 on Friday, reaching $95.13. The stock had a trading volume of 6,683,870 shares, compared to its average volume of 3,891,177. Expand Energy Corporation has a 12-month low of $69.12 and a 12-month high of $123.35. The stock has a fifty day moving average price of $107.78 and a two-hundred day moving average price of $107.27. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 243.93 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued 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). The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is 589.74%.

Wall Street Analyst Weigh In

EXE has been the subject of several research reports. Siebert Williams Shank cut their price target on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. UBS Group increased their price target on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Morgan Stanley upped their target price on Expand Energy from $134.00 to $139.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company cut their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 15th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Expand Energy has a consensus rating of "Buy" and an average target price of $128.96.

About Expand Energy

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.