New York State Common Retirement Fund Raises Stock Position in Expand Energy Corporation $EXE

New York State Common Retirement Fund boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 100,184 shares of the company’s stock after acquiring an additional 5,000 shares during the period. New York State Common Retirement Fund’s holdings in Expand Energy were worth $10,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after buying an additional 184 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Expand Energy by 125.9% in the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Expand Energy by 374.3% in the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after purchasing an additional 262 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Expand Energy during the 3rd quarter valued at about $47,000. Finally, CX Institutional purchased a new stake in shares of Expand Energy during the 3rd quarter valued at about $52,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

EXE opened at $108.50 on Wednesday. The company has a 50 day simple moving average of $110.52 and a two-hundred day simple moving average of $105.60. 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 firm has a market cap of $25.84 billion, a P/E ratio of 30.82 and a beta of 0.46. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. William Blair began coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Finally, Stephens lowered their target price on Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.29.

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.