Machina Capital S.A.S. Grows Holdings in Expand Energy Corporation $EXE

Machina Capital S.A.S. increased its stake in Expand Energy Corporation (NASDAQ:EXE) by 79.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,279 shares of the company’s stock after buying an additional 4,115 shares during the period. Machina Capital S.A.S.’s holdings in Expand Energy were worth $1,085,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Expand Energy during the 1st quarter worth $2,973,033,000. Price T Rowe Associates Inc. MD acquired a new stake 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 position in shares of Expand Energy during the first quarter worth about $701,831,000. Wellington Management Group LLP acquired a new position 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 valued at about $518,328,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Price Performance

Shares of EXE opened at $110.08 on Tuesday. Expand Energy Corporation has a 12 month low of $83.42 and a 12 month high of $123.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a fifty day moving average price of $101.44 and a 200 day moving average price of $105.87. The company has a market cap of $26.22 billion, a P/E ratio of 31.27 and a beta of 0.47.

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

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s payout ratio is presently 65.34%.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Bernstein Bank dropped their price target on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Raymond James Financial restated a “strong-buy” rating and set a $150.00 price objective (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. William Blair started coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group reduced their price target on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.24.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were bought at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. This represents a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joshua J. Viets acquired 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.17% of the company’s stock.

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.