Lonestar Capital Management LLC bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 105,000 shares of the oil and gas producer's stock, valued at approximately $4,842,000. EQT accounts for 1.8% of Lonestar Capital Management LLC's holdings, making the stock its 10th largest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its stake in shares of EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after purchasing an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock worth $2,379,000 after acquiring an additional 16,416 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock worth $298,000 after buying an additional 762 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock valued at $1,914,000 after purchasing an additional 5,489 shares during the last quarter. Finally, Howard Financial Services LTD. acquired a new stake in shares of EQT during the fourth quarter valued at about $223,000. Hedge funds and other institutional investors own 90.81% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on EQT shares. Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Jefferies Financial Group raised their price objective on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.
Read Our Latest Report on EQT
EQT Price Performance
NYSE EQT traded down $1.78 on Wednesday, reaching $49.44. The company's stock had a trading volume of 11,850,837 shares, compared to its average volume of 7,826,914. 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 $29.60 billion, a PE ratio of 123.60, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The business has a 50-day moving average price of $50.21 and a 200 day moving average price of $47.28.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. Sell-side analysts expect that EQT Co. will post 3.27 EPS for the current year.
EQT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.27%. EQT's dividend payout ratio is currently 110.53%.
EQT Profile
(
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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