304,856 Shares in EQT Co. (NYSE:EQT) Purchased by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 304,856 shares of the oil and gas producer's stock, valued at approximately $14,057,000. EQT accounts for 0.9% of Contrarius Group Holdings Ltd's holdings, making the stock its 24th biggest holding. Contrarius Group Holdings Ltd owned approximately 0.05% of EQT as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. State Street Corp grew its holdings in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares during the period. Geode Capital Management LLC raised its position in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock worth $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of EQT by 386.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of EQT during the 3rd quarter valued at about $97,979,000. Institutional investors own 90.81% of the company's stock.

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Analyst Ratings Changes

EQT has been the topic of several recent analyst reports. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Citigroup upped their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Piper Sandler raised their target price on EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $54.50.

EQT Stock Up 2.2 %

Shares of EQT stock traded up $1.15 on Monday, hitting $54.03. The stock had a trading volume of 5,899,056 shares, compared to its average volume of 7,298,290. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business has a 50 day moving average of $51.33 and a 200 day moving average of $44.43. 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 $32.28 billion, a price-to-earnings ratio of 135.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating 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 firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. As a group, analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.17%. EQT's dividend payout ratio is currently 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.