1,332,339 Shares in EQT Co. (NYSE:EQT) Purchased by Castle Hook Partners LP

Castle Hook Partners LP purchased a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,332,339 shares of the oil and gas producer's stock, valued at approximately $48,817,000. EQT accounts for about 0.9% of Castle Hook Partners LP's investment portfolio, making the stock its 24th largest holding. Castle Hook Partners LP owned about 0.22% of EQT as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. HM Payson & Co. purchased a new position in EQT in the third quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of EQT in the 2nd quarter valued at about $28,000. Truvestments Capital LLC acquired a new position in shares of EQT during the third quarter worth about $30,000. Hexagon Capital Partners LLC increased its stake in shares of EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock worth $33,000 after buying an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in EQT in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

EQT has been the subject of several analyst reports. BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Citigroup upgraded shares of EQT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. Piper Sandler raised their price target on EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price target on EQT from $42.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday. Finally, UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, November 4th. 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.com, EQT has an average rating of "Moderate Buy" and an average price target of $44.67.

EQT Stock Performance

NYSE:EQT traded down $0.28 during trading hours on Thursday, reaching $45.28. 4,702,248 shares of the company's stock were exchanged, compared to its average volume of 7,195,477. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 53.92 and a beta of 1.06. The company has a 50-day moving average of $38.93 and a 200 day moving average of $37.11.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. Research analysts anticipate that EQT Co. will post 1.38 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.39%. EQT's dividend payout ratio (DPR) is currently 75.00%.

EQT 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.