L & S Advisors Inc Buys Shares of 52,739 EQT Co. (NYSE:EQT)

L & S Advisors Inc purchased a new position in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 52,739 shares of the oil and gas producer's stock, valued at approximately $2,432,000.

Several other institutional investors have also made changes to their positions in the stock. Quarry LP increased its position in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Financial Avengers Inc. increased its holdings in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after buying an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in EQT in the fourth quarter worth approximately $55,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT stock traded up $0.78 during trading hours on Wednesday, hitting $54.66. 7,517,464 shares of the company's stock were exchanged, compared to its average volume of 7,513,831. The stock's 50-day moving average is $51.40 and its 200-day moving average is $45.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market cap of $32.66 billion, a price-to-earnings ratio of 136.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

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EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. EQT's dividend payout ratio (DPR) is presently 157.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Stephens upgraded EQT from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, Mizuho raised their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.28.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.