EQT Co. (NYSE:EQT) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP reduced its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,951 shares of the oil and gas producer's stock after selling 350,735 shares during the period. ExodusPoint Capital Management LP's holdings in EQT were worth $6,914,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of 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 purchasing an additional 28,129 shares during the last quarter. Benjamin Edwards Inc. increased its stake in EQT by 32,157.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 6,774 shares of the oil and gas producer's stock worth $248,000 after acquiring an additional 6,753 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of EQT by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 431,780 shares of the oil and gas producer's stock worth $15,823,000 after acquiring an additional 1,436 shares in the last quarter. Janus Henderson Group PLC lifted its position in EQT by 162.2% during the third quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer's stock valued at $1,775,000 after purchasing an additional 29,949 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in shares of EQT by 104.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 18,770 shares of the oil and gas producer's stock valued at $688,000 after acquiring an additional 9,600 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on EQT. Mizuho boosted their price objective on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Morgan Stanley restated an "overweight" rating and issued a $67.00 price target (up from $63.00) on shares of EQT in a report on Wednesday, March 26th. Piper Sandler increased their target price on shares of EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, Citigroup raised their price objective on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average target price of $55.72.

EQT Price Performance

Shares of EQT stock traded down $2.67 during mid-day trading on Thursday, hitting $47.50. 3,060,568 shares of the stock were exchanged, compared to its average volume of 7,727,661. The company has a market cap of $28.38 billion, a PE ratio of 118.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The firm has a fifty day moving average of $51.06 and a 200 day moving average of $45.99. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last announced 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. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is 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.