Chesapeake Capital Corp IL Makes New $456,000 Investment in EQT Co. (NYSE:EQT)

Chesapeake Capital Corp IL bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,895 shares of the oil and gas producer's stock, valued at approximately $456,000.

Several other hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC increased its position in EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock valued at $2,327,000 after acquiring an additional 32,484 shares during the period. Retirement Systems of Alabama raised its stake in shares of EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after buying an additional 16,416 shares in the last quarter. FMR LLC increased its stake in EQT by 2.5% during 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 buying an additional 28,129 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of 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 in the last quarter. Institutional investors own 90.81% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Jefferies Financial Group boosted their price objective on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. UBS Group lifted their target price on EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley upped their price target on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. Finally, Piper Sandler boosted their target price on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average price target of $54.50.

EQT Stock Down 1.6 %

Shares of NYSE EQT traded down $0.84 during mid-day trading on Friday, reaching $52.89. The company had a trading volume of 12,816,051 shares, compared to its average volume of 7,303,400. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12. The stock has a fifty day moving average of $51.25 and a two-hundred day moving average of $44.20. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.81 billion. As a group, equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is presently 157.50%.

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.