Headlands Technologies LLC Has $1.46 Million Holdings in Expand Energy Corporation $EXE

Headlands Technologies LLC lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 112.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,052 shares of the company’s stock after buying an additional 8,513 shares during the quarter. 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 have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp lifted its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the 4th quarter valued at about $30,000. Ascentis Independent Advisors bought a new stake in shares of Expand Energy in the 1st quarter valued at about $32,000. Finally, Eastern Bank acquired a new stake in Expand Energy in the 2nd quarter valued at about $27,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $88.90 per share, with a total value 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 trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXE has been the topic of a number of recent analyst reports. Roth Capital reissued a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Benchmark reduced their target price on Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and decreased their target price for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Wolfe Research restated an “outperform” rating and issued a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Barclays dropped their price target on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.89.

Expand Energy Stock Performance

Shares of EXE opened at $98.16 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Expand Energy Corporation has a 52-week low of $84.99 and a 52-week high of $126.62. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34. The business’s fifty day moving average is $92.04 and its 200-day moving average is $97.08.

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

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued 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 dividend yield of 2.3%. Expand Energy’s payout ratio is 19.86%.

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.