Mercuria Capital Strategies LLC Invests $35.04 Million in EQT Co. (NYSE:EQT)

Mercuria Capital Strategies LLC acquired a new position in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 760,000 shares of the oil and gas producer's stock, valued at approximately $35,044,000. EQT makes up approximately 13.5% of Mercuria Capital Strategies LLC's investment portfolio, making the stock its 2nd largest holding. Mercuria Capital Strategies LLC owned about 0.13% of EQT as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of EQT in the third quarter worth $30,000. Quarry LP grew its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT during the third quarter valued at $36,000. Financial Avengers Inc. grew its stake 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 acquiring an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 0.2 %

EQT opened at $49.03 on Thursday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The business has a 50-day moving average of $50.71 and a 200-day moving average of $43.28. 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 company has a market capitalization of $29.29 billion, a PE ratio of 122.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

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EQT (NYSE:EQT - Get Free Report) last issued 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 return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is presently 157.50%.

Wall Street Analyst Weigh In

EQT has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, November 25th. UBS Group boosted their price target on shares of EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of EQT to a "sell" rating in a research note on Saturday, February 8th. Finally, The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, EQT currently has a consensus rating of "Hold" and an average target price of $52.44.

About EQT

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.

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