Expand Energy Target of Unusually Large Options Trading (NASDAQ:EXE)

Expand Energy Corporation (NASDAQ:EXE) saw some unusual options trading on Monday. Stock investors purchased 24,993 put options on the stock. This represents an increase of 262% compared to the typical volume of 6,902 put options.

Expand Energy Stock Performance

EXE stock traded down $6.78 during trading on Monday, hitting $103.60. The company had a trading volume of 2,433,458 shares, compared to its average volume of 3,277,458. The firm has a market cap of $24.67 billion, a PE ratio of 29.52 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $109.89 and a 200-day moving average price of $105.82. Expand Energy has a 1-year low of $91.01 and a 1-year high of $126.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EXE shares. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a report on Thursday, October 16th. Benchmark reissued a “buy” rating on shares of Expand Energy in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 29th. Barclays dropped their price target on shares of Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein reduced their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.29.

Institutional Trading of Expand Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its position in Expand Energy by 12.8% during the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after buying an additional 13,670 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Expand Energy in the second quarter valued at about $209,000. Nordea Investment Management AB lifted its stake in shares of Expand Energy by 52.0% during the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock worth $1,810,000 after purchasing an additional 5,234 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Expand Energy by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,136 shares of the company’s stock worth $1,127,000 after buying an additional 587 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Expand Energy by 10.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after buying an additional 5,020 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

About Expand Energy

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.