RR Advisors LLC Takes $6.39 Million Position in Expand Energy Corporation $EXE

Key Points

• RR Advisors LLC acquired 70,068 shares of Expand Energy, valued at approximately $6.39 million, making EXE its 19th-largest holding and representing about 1.8% of its portfolio. Institutional investors collectively own 97.93% of the company.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $127.67, despite several recent target-price reductions and one downgrade.
• Expand Energy exceeded quarterly earnings expectations with $1.33 in EPS versus the $1.13 consensus estimate and declared a $0.575 quarterly dividend, equivalent to a 2.4% annual yield.

RR Advisors LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,068 shares of the company's stock, valued at approximately $6,390,000. Expand Energy makes up about 1.8% of RR Advisors LLC's portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXE. Sierra Summit Advisors LLC raised its stake in Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company's stock valued at $8,523,000 after purchasing an additional 15,904 shares during the period. King Luther Capital Management Corp boosted its stake in Expand Energy by 16.6% in the 4th quarter. King Luther Capital Management Corp now owns 239,607 shares of the company's stock worth $26,443,000 after purchasing an additional 34,132 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company's stock worth $267,172,000 after purchasing an additional 2,414,311 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Expand Energy during the 4th quarter valued at approximately $57,153,000. Finally, Sei Investments Co. grew its holdings in Expand Energy by 86.9% during the 1st quarter. Sei Investments Co. now owns 251,984 shares of the company's stock valued at $27,663,000 after buying an additional 117,163 shares in the last quarter. Institutional investors own 97.93% of the company's stock.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the company's stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company's stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Roth Capital reiterated a "neutral" rating and set a $93.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Morgan Stanley dropped their target price on shares of Expand Energy from $131.00 to $129.00 and set an "overweight" rating for the company in a research report on Wednesday. Johnson Rice downgraded shares of Expand Energy from a "buy" rating to an "accumulate" rating and reduced their price target for the company from $135.00 to $125.00 in a report on Monday, August 17th. UBS Group dropped their price objective on shares of Expand Energy from $127.00 to $124.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Citigroup cut their price objective on Expand Energy from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.67.

Expand Energy Price Performance

Shares of EXE opened at $96.09 on Monday. 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 capitalization of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62. The business's 50 day simple moving average is $90.93 and its 200-day simple moving average is $97.51.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. As a group, equities analysts expect that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is 19.86%.

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.

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