Cibc World Markets Corp Purchases 193,288 Shares of EQT Co. (NYSE:EQT)

Cibc World Markets Corp raised its position in shares of EQT Co. (NYSE:EQT - Free Report) by 244.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 272,221 shares of the oil and gas producer's stock after purchasing an additional 193,288 shares during the quarter. Cibc World Markets Corp's holdings in EQT were worth $12,552,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of EQT during the third quarter worth $30,000. Quarry LP grew its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of EQT in the 3rd quarter worth about $36,000. Financial Avengers Inc. lifted its stake in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 504 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Down 1.6 %

Shares of EQT traded down $0.84 during trading hours on Friday, reaching $52.89. 12,816,051 shares of the stock traded hands, compared to its average volume of 8,528,442. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a fifty day simple moving average of $51.17 and a 200 day simple moving average of $43.99. The company has a market cap 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 company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

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EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.82 billion for 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%. On average, equities analysts forecast that EQT Co. will post 3.27 EPS 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 paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is 157.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Stephens raised shares of EQT from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $41.00 to $59.00 in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.50.

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.