Expand Energy Corporation $EXE Shares Purchased by Allianz Asset Management GmbH
Allianz Asset Management GmbH increased its stake in Expand Energy Corporation (NASDAQ:EXE) by 12.8% in Q3, now holding 120,840 shares valued at approximately $12.8 million. Other institutional investors also raised their stakes significantly. Analysts have given Expand Energy a consensus rating of "Moderate Buy" with a target price of $130.29. The stock opened at $110.37, with a market cap of $26.29 billion and a 1-year high of $126.62. Expand Energy is an independent natural gas producer based in Oklahoma City.
Allianz Asset Management GmbH raised its holdings in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,840 shares of the company's stock after acquiring an additional 13,670 shares during the period. Allianz Asset Management GmbH owned approximately 0.05% of Expand Energy worth $12,838,000 as of its most recent SEC filing.
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Several other institutional investors and hedge funds also recently modified their holdings of EXE. Assetmark Inc. raised its stake in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company's stock valued at $30,000 after purchasing an additional 184 shares in the last quarter. ESL Trust Services LLC bought a new position in Expand Energy in the 3rd quarter valued at about $32,000. JFS Wealth Advisors LLC increased its stake in Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company's stock valued at $36,000 after buying an additional 170 shares during the period. Cullen Frost Bankers Inc. increased its stake in Expand Energy by 374.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company's stock valued at $39,000 after buying an additional 262 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of Expand Energy during the 3rd quarter worth about $47,000. Institutional investors own 97.93% of the company's stock.
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Analyst Ratings Changes
Several research firms have recently issued reports on EXE. Jefferies Financial Group increased their price objective on shares of Expand Energy from $140.00 to $143.00 and gave the company a "buy" rating in a report on Thursday, January 8th. Morgan Stanley upped their target price on Expand Energy from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, October 30th. Mizuho increased their price target on Expand Energy from $136.00 to $142.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. Piper Sandler lowered their price target on Expand Energy from $138.00 to $137.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 28th. Finally, Benchmark reissued a "buy" rating on shares of Expand Energy in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.29.
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Expand Energy Trading Up 0.9%
Expand Energy stock opened at $110.37 on Friday. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 31.36 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 firm's 50 day moving average price is $109.89 and its two-hundred day moving average price is $105.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.
Expand Energy Profile
(Free Report)- Buy the Dip on 3 Overlooked Names With Major Potential
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.
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