Viking Fund Management LLC Grows Stock Holdings in Expand Energy Corporation $EXE

Viking Fund Management LLC raised its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 200.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Viking Fund Management LLC’s holdings in Expand Energy were worth $3,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $27,000. Quarry LP bought a new stake in Expand Energy during the first quarter worth approximately $28,000. MAI Capital Management purchased a new stake in Expand Energy during the first quarter valued at approximately $30,000. Assetmark Inc. lifted 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 valued at $30,000 after purchasing an additional 184 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Expand Energy by 125.9% in the 2nd 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 period. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Price Performance

NASDAQ:EXE opened at $108.74 on Friday. The firm’s fifty day moving average is $111.75 and its two-hundred day moving average is $107.07. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 30.89 and a beta of 0.45. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. Research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s payout ratio is presently 65.34%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXE. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research report on Thursday, October 16th. William Blair started coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. Morgan Stanley boosted their target price on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Citigroup raised their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Finally, Piper Sandler increased their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday, November 18th. Two equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.44.

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.