Fox Run Management L.L.C. Has $1.67 Million Stock Position in EQT Co. (NYSE:EQT)

Fox Run Management L.L.C. increased its holdings in EQT Co. (NYSE:EQT - Free Report) by 312.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,186 shares of the oil and gas producer's stock after purchasing an additional 27,409 shares during the period. Fox Run Management L.L.C.'s holdings in EQT were worth $1,669,000 as of its most recent SEC filing.

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

EQT Stock Performance

Shares of NYSE EQT traded up $0.19 during midday trading on Tuesday, reaching $54.19. 1,311,259 shares of the company traded hands, compared to its average volume of 7,294,719. The company has a market cap of $32.37 billion, a price-to-earnings ratio of 135.51, a PEG ratio of 0.64 and a beta of 1.12. The stock has a 50-day moving average price of $51.33 and a 200 day moving average price of $44.43. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

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EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. EQT's dividend payout ratio (DPR) is 157.50%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EQT shares. JPMorgan Chase & Co. raised their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Morgan Stanley boosted their target price on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Citigroup lifted their price target on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 price target on shares of EQT in a report on Monday, January 6th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.