Boothbay Fund Management LLC Has $11.17 Million Stock Position in EQT Co. (NYSE:EQT)

Boothbay Fund Management LLC lessened its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 242,235 shares of the oil and gas producer's stock after selling 12,135 shares during the quarter. Boothbay Fund Management LLC's holdings in EQT were worth $11,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQT. Susquehanna Fundamental Investments LLC bought a new position in shares of EQT during the 4th quarter worth approximately $26,636,000. Coldstream Capital Management Inc. boosted its position in EQT by 26.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 19,228 shares of the oil and gas producer's stock worth $887,000 after purchasing an additional 3,985 shares during the period. Nebula Research & Development LLC bought a new position in shares of EQT in the fourth quarter valued at about $961,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of EQT during the 4th quarter worth about $420,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of EQT by 2.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 16,945 shares of the oil and gas producer's stock worth $781,000 after buying an additional 363 shares during the period. Institutional investors own 90.81% of the company's stock.

EQT Trading Up 2.9 %

Shares of EQT stock opened at $50.26 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The company has a market cap of $30.03 billion, a PE ratio of 125.65, a P/E/G ratio of 0.64 and a beta of 1.35. The stock's fifty day moving average price is $50.31 and its two-hundred day moving average price is $47.01.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is 157.50%.

Analyst Ratings Changes

Several research analysts have weighed in on EQT shares. Citigroup increased their price target on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Morgan Stanley lifted their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $49.00 target price on shares of EQT in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised their price target 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.39.

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.

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