CoreCommodity Management LLC Takes $231,000 Position in EQT Co. (NYSE:EQT)

CoreCommodity Management LLC purchased a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,003 shares of the oil and gas producer's stock, valued at approximately $231,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in EQT by 44.2% in the fourth 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 purchasing an additional 16,416 shares in the last quarter. D.A. Davidson & CO. raised its stake in 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 period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of EQT by 15.2% during the fourth 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 acquiring an additional 5,489 shares in the last quarter. Howard Financial Services LTD. acquired a new stake in EQT in the 4th quarter valued at $223,000. Finally, Segment Wealth Management LLC bought a new stake in EQT during the 4th quarter valued at $1,735,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQT has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Scotiabank lowered 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. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.94.

EQT Stock Down 2.1%

NYSE:EQT traded down $1.17 during mid-day trading on Monday, hitting $54.45. 12,302,706 shares of the company's stock traded hands, compared to its average volume of 7,910,898. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a market capitalization of $32.60 billion, a P/E ratio of 136.13, a P/E/G ratio of 0.64 and a beta of 0.59. The company has a fifty day moving average of $50.81 and a 200 day moving average of $48.26. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.53.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. On average, analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. EQT's dividend payout ratio is currently 110.53%.

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.