NEOS Investment Management LLC Boosts Stock Holdings in Expand Energy Corporation $EXE

NEOS Investment Management LLC lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 16.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,707 shares of the company’s stock after purchasing an additional 5,577 shares during the quarter. NEOS Investment Management LLC’s holdings in Expand Energy were worth $3,621,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Continuum Advisory LLC bought a new stake in shares of Expand Energy in the 2nd quarter worth about $6,283,000. Nykredit A S purchased a new stake in shares of Expand Energy in the second quarter worth approximately $2,151,000. Legacy Financial Advisors Inc. increased its stake in Expand Energy by 28.0% in the second quarter. Legacy Financial Advisors Inc. now owns 2,359 shares of the company’s stock worth $215,000 after purchasing an additional 516 shares during the period. Proficio Capital Partners LLC purchased a new position in Expand Energy in the 2nd quarter worth about $203,000. Finally, Headlands Technologies LLC increased its position in shares of Expand Energy by 112.9% during the second quarter. Headlands Technologies LLC now owns 16,052 shares of the company’s stock worth $1,464,000 after acquiring an additional 8,513 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $97.91 on Monday. The business’s 50 day moving average is $92.88 and its two-hundred day moving average is $96.95. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a market capitalization of $22.67 billion, a P/E ratio of 8.46 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Analysts expect that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a $0.575 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio is 19.86%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EXE. Barclays decreased their price objective on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. The Goldman Sachs Group upped their price target on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Citigroup decreased their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Morgan Stanley lowered their price target on Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Finally, Roth Capital restated a “neutral” rating and set a $93.00 price objective on shares of Expand Energy in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.89.

Insider Activity

In other news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

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.