Dimensional Fund Advisors LP Has $242.17 Million Stake in Expand Energy Corporation $EXE

Dimensional Fund Advisors LP raised its stake in Expand Energy Corporation (NASDAQ:EXE) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,279,315 shares of the company’s stock after acquiring an additional 10,597 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Expand Energy were worth $242,166,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Expand Energy in the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC bought a new position in Expand Energy during the 1st quarter valued at about $208,000. Focus Partners Wealth acquired a new position in Expand Energy in the first quarter valued at about $205,000. Geneos Wealth Management Inc. acquired a new position in Expand Energy in the first quarter valued at about $79,000. Finally, Assetmark Inc. grew 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 buying an additional 184 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXE has been the subject of several recent analyst reports. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a report on Monday, February 23rd. Benchmark raised their price target on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday. UBS Group cut their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Mizuho boosted their price objective on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Stephens increased their target price on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $130.38.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $106.84 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $106.27 and a 200 day simple moving average of $106.63. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The firm has a market cap of $25.68 billion, a P/E ratio of 14.17 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. Sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is 30.50%.

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.