EQT Co. (NYSE:EQT) is Vantage Investment Partners LLC's 7th Largest Position

Vantage Investment Partners LLC grew its position in EQT Co. (NYSE:EQT - Free Report) by 17.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,104,155 shares of the oil and gas producer's stock after purchasing an additional 166,006 shares during the period. EQT makes up 3.4% of Vantage Investment Partners LLC's holdings, making the stock its 7th largest position. Vantage Investment Partners LLC owned approximately 0.25% of EQT worth $40,456,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EQT. Davis Investment Partners LLC boosted its stake in EQT by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer's stock worth $1,137,000 after purchasing an additional 317 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in EQT by 5.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer's stock worth $254,000 after acquiring an additional 336 shares in the last quarter. Hancock Whitney Corp lifted its holdings in EQT by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer's stock worth $541,000 after buying an additional 419 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer's stock valued at $224,000 after acquiring an additional 421 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of EQT by 1.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer's stock valued at $1,139,000 after acquiring an additional 431 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

Shares of EQT traded down $0.20 during trading hours on Tuesday, hitting $43.78. 8,377,107 shares of the stock were exchanged, compared to its average volume of 7,073,374. The stock's 50-day moving average price is $36.07 and its two-hundred day moving average price is $36.69. EQT Co. has a 12-month low of $30.02 and a 12-month high of $44.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $26.12 billion, a price-to-earnings ratio of 52.36 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts expect that EQT Co. will post 1.34 earnings per share for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.44%. EQT's payout ratio is currently 75.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho increased their target price on shares of EQT from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Morgan Stanley reissued an "overweight" rating and set a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Bank of America initiated coverage on shares of EQT in a research note on Monday, October 28th. They set a "buy" rating and a $50.00 price target on the stock. JPMorgan Chase & Co. upped their target price on EQT from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company upgraded EQT from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. 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. Based on data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $42.83.

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.