Symmetry Investments LP Takes $8.47 Million Position in EQT Co. (NYSE:EQT)

Symmetry Investments LP acquired a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 183,771 shares of the oil and gas producer's stock, valued at approximately $8,474,000.

Several other institutional investors have also bought and sold shares of the stock. MGO One Seven LLC grew its position in EQT by 144.2% during the fourth quarter. MGO One Seven LLC now owns 19,249 shares of the oil and gas producer's stock valued at $888,000 after buying an additional 11,367 shares during the period. Dark Forest Capital Management LP raised its stake in EQT by 171.3% in the fourth quarter. Dark Forest Capital Management LP now owns 16,000 shares of the oil and gas producer's stock valued at $738,000 after purchasing an additional 10,103 shares in the last quarter. Slate Path Capital LP bought a new stake in EQT during the fourth quarter worth about $123,575,000. Hsbc Holdings PLC grew its holdings in shares of EQT by 45.8% during the 4th quarter. Hsbc Holdings PLC now owns 898,534 shares of the oil and gas producer's stock valued at $41,491,000 after purchasing an additional 282,128 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in EQT during the 4th quarter valued at about $207,000. Institutional investors own 90.81% of the company's stock.

EQT Trading Up 1.7 %

Shares of NYSE:EQT opened at $48.49 on Wednesday. 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 company has a market capitalization of $28.97 billion, a PE ratio of 121.23, a P/E/G ratio of 0.64 and a beta of 1.35. The business's fifty day simple moving average is $50.56 and its 200-day simple moving average is $46.83. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. As a group, equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is currently 157.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EQT shares. Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. UBS Group dropped their price target on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Piper Sandler lowered their target price on shares of EQT from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.50.

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.

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