Headlands Technologies LLC Buys 8,513 Shares of Expand Energy Corporation $EXE

Headlands Technologies LLC increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 112.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,052 shares of the company’s stock after purchasing an additional 8,513 shares during the period. Headlands Technologies LLC’s holdings in Expand Energy were worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXE. Sierra Summit Advisors LLC raised its stake in Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after buying an additional 15,904 shares during the period. King Luther Capital Management Corp grew its stake in Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock valued at $26,443,000 after acquiring an additional 34,132 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock valued at $267,172,000 after acquiring an additional 2,414,311 shares during the period. Nicholas Investment Partners LP acquired a new position in Expand Energy in the second quarter valued at about $3,739,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Expand Energy in the fourth quarter worth about $57,153,000. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.

Expand Energy Price Performance

Shares of EXE opened at $98.16 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The stock has a market capitalization of $22.72 billion, a P/E ratio of 8.48 and a beta of 0.34. The company has a 50 day moving average of $92.04 and a 200-day moving average of $97.08.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. As a group, equities research analysts forecast that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy’s payout ratio is 19.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXE. UBS Group dropped their price target on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Morgan Stanley lowered their target price on Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Benchmark dropped their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Finally, Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and cut their price target for the company from $135.00 to $125.00 in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

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.