Expand Energy Corporation $EXE Stock Position Cut by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,639 shares of the company’s stock after selling 15,310 shares during the quarter. ProShare Advisors LLC’s holdings in Expand Energy were worth $3,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Core Capital Management & Research inc. acquired a new stake in Expand Energy in the 2nd quarter valued at $5,406,000. NewEdge Advisors LLC raised its holdings in Expand Energy by 336.0% during the second quarter. NewEdge Advisors LLC now owns 35,673 shares of the company’s stock worth $3,253,000 after buying an additional 27,492 shares during the last quarter. Nicholas Investment Partners LP acquired a new position in Expand Energy during the second quarter worth $3,739,000. Nykredit A S acquired a new position in Expand Energy during the second quarter worth $2,151,000. Finally, Amundi lifted its stake in shares of Expand Energy by 5.7% in the second quarter. Amundi now owns 1,006,632 shares of the company’s stock valued at $91,795,000 after buying an additional 54,218 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXE. Roth Capital reiterated a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the company from $135.00 to $125.00 in a research report on Monday, August 17th. Sanford C. Bernstein dropped their price target on shares of Expand Energy from $160.00 to $127.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Stifel Nicolaus started coverage on shares of Expand Energy in a report on Wednesday, September 9th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Citigroup reduced their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Expand Energy Stock Performance

NASDAQ:EXE opened at $85.34 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. Expand Energy Corporation has a 1 year low of $83.25 and a 1 year high of $126.62. The stock’s 50 day simple moving average is $91.31 and its two-hundred day simple moving average is $96.55. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 7.40 and a beta of 0.40.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.17. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.85 billion. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. As a group, equities analysts anticipate that Expand Energy Corporation will post 8.73 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.5750 per share. This represents a $2.30 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, November 12th. Expand Energy’s payout ratio is 19.93%.

Expand Energy Company Profile

Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.