Kopernik Global Investors LLC Trims Position in Expand Energy Corporation $EXE

Kopernik Global Investors LLC reduced its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 39.5% in the second quarter, HoldingsChannel.com reports. The firm owned 522,716 shares of the company’s stock after selling 341,771 shares during the period. Expand Energy comprises 6.7% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 8th largest position. Kopernik Global Investors LLC’s holdings in Expand Energy were worth $61,126,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Transamerica Financial Advisors LLC bought a new position in shares of Expand Energy in the 1st quarter worth about $27,000. Quarry LP bought a new stake in Expand Energy during the first quarter worth about $28,000. MAI Capital Management purchased a new stake in Expand Energy in the first quarter worth about $30,000. Assetmark Inc. increased its stake in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Expand Energy during the first quarter valued at approximately $32,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EXE shares. Piper Sandler boosted their price target on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 18th. William Blair assumed coverage on Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Barclays reduced their price target on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group dropped their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.32.

Expand Energy Trading Down 0.7%

Shares of NASDAQ:EXE opened at $116.69 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a market cap of $27.79 billion, a P/E ratio of 33.15 and a beta of 0.45. The stock’s fifty day moving average price is $111.31 and its 200-day moving average price is $107.40.

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 the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

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.