Cibc World Market Inc. Boosts Stock Position in Expand Energy Corporation $EXE

Cibc World Market Inc. increased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 16.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 78,149 shares of the company’s stock after acquiring an additional 10,919 shares during the period. Cibc World Market Inc.’s holdings in Expand Energy were worth $8,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXE. Assetmark Inc. increased its stake in Expand Energy by 255.6% during the second 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 position in shares of Expand Energy in the third quarter valued at approximately $32,000. Cullen Frost Bankers Inc. grew its holdings in shares of Expand Energy by 374.3% in the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock valued at $39,000 after purchasing an additional 262 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Expand Energy during the 3rd quarter worth approximately $47,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Up 0.6%

Shares of NASDAQ EXE opened at $104.05 on Friday. The business has a 50-day moving average of $108.07 and a two-hundred day moving average of $105.88. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 29.56 and a beta of 0.46. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81.

Wall Street Analyst Weigh In

Several brokerages have commented on EXE. Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Jefferies Financial Group lifted their target price on Expand Energy from $140.00 to $143.00 and gave the company a “buy” rating in a report on Thursday, January 8th. UBS Group cut their price target on Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Morgan Stanley boosted their price objective on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.29.

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.