Doliver Advisors LP Sells 113 Shares of Expand Energy Corporation $EXE

Doliver Advisors LP decreased its holdings in Expand Energy Corporation (NASDAQ:EXE) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,895 shares of the company’s stock after selling 113 shares during the period. Doliver Advisors LP’s holdings in Expand Energy were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. bought a new position in shares of Expand Energy in the 1st quarter valued at about $2,973,033,000. Price T Rowe Associates Inc. MD bought a new position in shares of Expand Energy in the 1st quarter valued at about $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new stake in Expand Energy in the first quarter worth about $701,831,000. Wellington Management Group LLP bought a new stake in Expand Energy in the first quarter worth about $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Expand Energy in the first quarter worth about $518,328,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE opened at $96.22 on Friday. Expand Energy Corporation has a 12 month low of $72.35 and a 12 month high of $123.35. The stock has a fifty day moving average price of $99.47 and a 200-day moving average price of $106.00. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market cap of $22.91 billion, a PE ratio of 246.72 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s payout ratio is 589.74%.

Insider Buying and Selling at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EXE has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of 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. Wolfe Research decreased their price target on shares of Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Barclays lifted their price target on shares of Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. KeyCorp decreased their price target on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Finally, Mizuho boosted their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Expand Energy has a consensus rating of “Buy” and an average target price of $127.69.

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.