O Shaughnessy Asset Management LLC boosted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 79.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,102 shares of the oil and gas producer's stock after purchasing an additional 13,803 shares during the period. O Shaughnessy Asset Management LLC's holdings in EQT were worth $1,434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Financial Avengers Inc. increased its holdings in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 504 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in EQT during the 4th quarter valued at $55,000. 90.81% of the stock is owned by institutional investors and hedge funds.
EQT Stock Down 3.8 %
Shares of EQT traded down $1.91 during midday trading on Thursday, hitting $48.26. The stock had a trading volume of 2,071,618 shares, compared to its average volume of 7,723,678. The company has a 50 day simple moving average of $51.06 and a two-hundred day simple moving average of $45.99. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 120.83, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts anticipate that EQT Co. will post 3.27 EPS for the current year.
EQT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is currently 157.50%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on EQT shares. Citigroup increased their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Piper Sandler increased their price objective on EQT from $35.00 to $36.00 and gave the company a "neutral" rating in a research report on Thursday, March 6th. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company increased their price objective on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and an average target price of $55.72.
Read Our Latest Research Report on EQT
About EQT
(
Free Report)
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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