41,907 Shares in EQT Co. (NYSE:EQT) Purchased by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC bought a new position in EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,907 shares of the oil and gas producer's stock, valued at approximately $1,932,000.

Other large investors also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its position in shares of EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after purchasing an additional 32,484 shares during the period. Retirement Systems of Alabama grew its position in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock valued at $4,878,000 after buying an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EQT by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock worth $2,379,000 after buying an additional 16,416 shares in the last quarter. FMR LLC boosted its position in shares of EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after purchasing an additional 28,129 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after buying an additional 762 shares during the period. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQT. Wells Fargo & Company lifted their target price on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. StockNews.com upgraded EQT from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. UBS Group upped their price objective on shares of EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Mizuho boosted their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $55.28.

EQT Trading Down 12.5 %

Shares of EQT stock traded down $6.49 on Friday, reaching $45.60. The company had a trading volume of 9,032,329 shares, compared to its average volume of 7,554,371. The company has a 50-day moving average of $51.40 and a 200-day moving average of $45.42. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a market cap of $27.25 billion, a PE ratio of 113.99, a PEG ratio of 0.64 and a beta of 1.12. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.38%. EQT's dividend payout ratio (DPR) is currently 157.50%.

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.