Phoenix Financial Ltd. purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,117 shares of the oil and gas producer's stock, valued at approximately $2,726,000.
Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in EQT by 162.2% during the 3rd quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer's stock worth $1,775,000 after acquiring an additional 29,949 shares during the last quarter. Quarry LP boosted its position in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Stifel Financial Corp increased its position in shares of EQT by 41.5% in the 3rd quarter. Stifel Financial Corp now owns 303,781 shares of the oil and gas producer's stock valued at $11,131,000 after buying an additional 89,139 shares in the last quarter. National Bank of Canada FI raised its stake in EQT by 98.9% during the 3rd quarter. National Bank of Canada FI now owns 241,089 shares of the oil and gas producer's stock worth $8,833,000 after buying an additional 119,858 shares during the period. Finally, MML Investors Services LLC lifted its holdings in EQT by 29.3% during the third quarter. MML Investors Services LLC now owns 17,895 shares of the oil and gas producer's stock worth $656,000 after acquiring an additional 4,057 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
EQT Stock Performance
Shares of NYSE:EQT traded up $0.74 during trading on Tuesday, reaching $50.71. 5,205,132 shares of the stock were exchanged, compared to its average volume of 7,755,817. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a 50-day moving average price of $50.87 and a 200-day moving average price of $46.35. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market cap of $30.30 billion, a PE ratio of 126.79, a PEG ratio of 0.64 and a beta of 1.35.
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. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. EQT's payout ratio is 157.50%.
Analyst Upgrades and Downgrades
EQT has been the subject of several research analyst reports. Piper Sandler boosted 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. Citigroup boosted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.61.
View Our Latest Stock 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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