Share Andrew L. grew its stake in EQT Co. (NYSE:EQT) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,753,000 shares of the oil and gas producer’s stock after buying an additional 77,000 shares during the period. EQT accounts for about 100.0% of Share Andrew L.’s holdings, making the stock its biggest holding. Share Andrew L. owned 2.25% of EQT worth $61,212,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of EQT by 1.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 47,100 shares of the oil and gas producer’s stock valued at $745,000 after buying an additional 720 shares during the period. Clear Harbor Asset Management LLC grew its stake in EQT by 1.8% during the second quarter. Clear Harbor Asset Management LLC now owns 43,532 shares of the oil and gas producer’s stock worth $688,000 after purchasing an additional 760 shares during the period. Oregon Public Employees Retirement Fund grew its stake in EQT by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 103,288 shares of the oil and gas producer’s stock worth $1,633,000 after purchasing an additional 1,456 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in EQT during the second quarter worth approximately $25,000. Finally, State Board of Administration of Florida Retirement System grew its stake in EQT by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 325,872 shares of the oil and gas producer’s stock worth $5,152,000 after purchasing an additional 1,682 shares during the period. 96.98% of the stock is owned by institutional investors.
EQT stock traded up $0.53 during mid-day trading on Friday, reaching $11.59. The stock had a trading volume of 6,364,063 shares, compared to its average volume of 4,971,174. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. EQT Co. has a fifty-two week low of $9.03 and a fifty-two week high of $21.86. The stock’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $14.36. The firm has a market capitalization of $2.78 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64.
EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.11. EQT had a positive return on equity of 3.81% and a negative net margin of 14.65%. The firm had revenue of $951.60 million during the quarter, compared to analysts’ expectations of $883.29 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, research analysts forecast that EQT Co. will post 0.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 8th will be paid a $0.03 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.04%. EQT’s dividend payout ratio (DPR) is presently 7.06%.
In related news, insider (Mick) O’brien Michael 16,562 shares of the business’s stock in a transaction that occurred on Monday, October 28th. Company insiders own 0.68% of the company’s stock.
EQT has been the subject of several recent analyst reports. ValuEngine raised EQT from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley decreased their target price on EQT from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada raised EQT from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $16.00 to $17.00 in a research note on Friday. TD Securities decreased their target price on EQT from $17.50 to $16.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, Wells Fargo & Co decreased their target price on EQT from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. EQT has a consensus rating of “Hold” and a consensus price target of $26.50.
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.
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