Expand Energy Corporation $EXE Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,097 shares of the company’s stock after purchasing an additional 16,247 shares during the period. Rhumbline Advisers owned approximately 0.17% of Expand Energy worth $43,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EXE. Assetmark Inc. grew its position in Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares during the period. ESL Trust Services LLC purchased a new stake in shares of Expand Energy in the third quarter worth about $32,000. Cullen Frost Bankers Inc. grew its holdings in Expand Energy by 374.3% during the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after acquiring an additional 262 shares during the period. Smartleaf Asset Management LLC raised its position in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Expand Energy in the third quarter valued at approximately $47,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Up 0.6%

EXE opened at $104.05 on Friday. The company has a market cap of $24.78 billion, a PE ratio of 29.56 and a beta of 0.46. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The company has a 50-day moving average price of $108.07 and a 200 day moving average price of $105.88. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

EXE has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Sanford C. Bernstein lowered their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. UBS Group dropped their price target on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Stephens decreased their price objective on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, Morgan Stanley increased their target price on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Expand Energy has an average rating of “Moderate Buy” and a consensus price target 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.