Victory Capital Management Inc. boosted its position in shares of EQT Co. (NYSE:EQT) by 13.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,946,235 shares of the oil and gas producer’s stock after buying an additional 231,390 shares during the quarter. Victory Capital Management Inc. owned approximately 0.76% of EQT worth $40,365,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in EQT in the 1st quarter worth $29,000. Clean Yield Group purchased a new stake in shares of EQT in the 4th quarter worth about $34,000. Financial Architects Inc grew its position in shares of EQT by 55.1% in the 4th quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 757 shares during the period. JOYN Advisors Inc. grew its position in shares of EQT by 282.1% in the 4th quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock worth $67,000 after buying an additional 2,618 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of EQT by 287.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 3,103 shares during the period. Institutional investors own 96.49% of the company’s stock.
EQT stock traded down $0.32 during trading on Thursday, hitting $21.22. 129,644 shares of the stock traded hands, compared to its average volume of 4,265,628. EQT Co. has a 1 year low of $16.29 and a 1 year high of $31.28. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.46 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.63 and a current ratio of 0.63.
EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas producer reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.11. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.67 EPS. EQT’s revenue for the quarter was down 12.9% on a year-over-year basis. As a group, research analysts predict that EQT Co. will post 1.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Tuesday, May 14th. EQT’s payout ratio is presently 7.06%.
A number of analysts have recently weighed in on EQT shares. Morgan Stanley set a $10.00 target price on shares of EQT and gave the stock a “sell” rating in a research report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of EQT in a research report on Tuesday, January 22nd. Cowen started coverage on shares of EQT in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $24.00 target price on the stock. TD Securities upped their target price on shares of EQT from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 target price on shares of EQT in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $37.33.
In related news, SVP David Joseph Smith purchased 16,800 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were purchased at an average price of $19.06 per share, with a total value of $320,208.00. Following the acquisition, the senior vice president now directly owns 42,102 shares in the company, valued at approximately $802,464.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert Joseph Mcnally purchased 1,496 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were bought at an average cost of $19.10 per share, for a total transaction of $28,573.60. Following the acquisition, the chief executive officer now owns 180,245 shares in the company, valued at $3,442,679.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 59,459 shares of company stock worth $1,177,466. Insiders own 0.68% of the company’s stock.
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EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
Further Reading: Average Daily Trade Volume – ADTV
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