1,598,101 Shares in Expand Energy Corporation $EXE Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,598,101 shares of the company’s stock, valued at approximately $169,783,000. Expand Energy makes up 2.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 13th largest holding. Phoenix Financial Ltd. owned about 0.67% of Expand Energy as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. 59 North Capital Management LP acquired a new position in shares of Expand Energy during the 2nd quarter worth about $102,949,000. Pacer Advisors Inc. increased its position in Expand Energy by 4,719.7% during the third quarter. Pacer Advisors Inc. now owns 821,571 shares of the company’s stock worth $87,284,000 after purchasing an additional 804,525 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Expand Energy by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after buying an additional 740,502 shares during the last quarter. Vanguard Group Inc. increased its stake in Expand Energy by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock worth $3,188,600,000 after acquiring an additional 559,887 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Expand Energy by 360.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 708,310 shares of the company’s stock valued at $82,830,000 after buying an additional 554,314 shares during the period. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on EXE. Barclays decreased their price target on Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Jefferies Financial Group raised their price target on Expand Energy from $140.00 to $143.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. UBS Group decreased their price objective on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Benchmark restated a “buy” rating on shares of Expand Energy in a research report on Wednesday, January 14th. Finally, Stephens cut their price target on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus price target of $130.33.

Expand Energy Stock Up 2.6%

EXE stock opened at $112.36 on Tuesday. The firm’s 50-day simple moving average is $111.32 and its 200 day simple moving average is $105.54. The stock has a market cap of $26.76 billion, a PE ratio of 31.92 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Company 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.