EQT Co. (NYSE:EQT) Shares Purchased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd increased its stake in EQT Co. (NYSE:EQT - Free Report) by 47.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,124 shares of the oil and gas producer's stock after purchasing an additional 14,611 shares during the period. Gulf International Bank UK Ltd's holdings in EQT were worth $1,653,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EQT. Catalyst Capital Advisors LLC acquired a new position in EQT during the 3rd quarter valued at about $102,000. Asset Management One Co. Ltd. lifted its position in EQT by 34.4% during the third quarter. Asset Management One Co. Ltd. now owns 212,761 shares of the oil and gas producer's stock valued at $7,796,000 after purchasing an additional 54,398 shares during the last quarter. National Pension Service raised its holdings in shares of EQT by 6.3% in the 3rd quarter. National Pension Service now owns 756,413 shares of the oil and gas producer's stock valued at $27,715,000 after purchasing an additional 44,713 shares in the last quarter. Mariner Investment Group LLC acquired a new stake in EQT during the 3rd quarter valued at approximately $1,099,000. Finally, Forum Financial Management LP grew its stake in EQT by 33.1% during the 3rd quarter. Forum Financial Management LP now owns 12,265 shares of the oil and gas producer's stock valued at $449,000 after acquiring an additional 3,052 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Stock Up 1.3 %

Shares of NYSE EQT traded up $0.53 during mid-day trading on Friday, reaching $41.22. 6,800,960 shares of the company were exchanged, compared to its average volume of 7,055,656. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 49.07 and a beta of 1.06. EQT Co. has a 1 year low of $30.02 and a 1 year high of $42.44. The firm has a 50-day moving average of $35.86 and a 200 day moving average of $36.69. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, research analysts expect that EQT Co. will post 1.39 earnings per share for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.53%. EQT's dividend payout ratio is currently 75.00%.

Analyst Ratings Changes

EQT has been the subject of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $45.00 target price on shares of EQT in a report on Friday, September 13th. Piper Sandler upped their target price on shares of EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday. Stephens raised their target price on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Scotiabank boosted their price objective on shares of EQT from $54.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 12th. Finally, BMO Capital Markets upped their price objective on shares of EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. One investment 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, the company currently has an average rating of "Moderate Buy" and an average price target 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.