EQT Co. (NYSE:EQT) Position Boosted by Castle Hook Partners LP

Castle Hook Partners LP grew its holdings in EQT Co. (NYSE:EQT - Free Report) by 199.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,990,714 shares of the oil and gas producer's stock after acquiring an additional 2,658,375 shares during the period. EQT comprises approximately 2.3% of Castle Hook Partners LP's portfolio, making the stock its 11th largest position. Castle Hook Partners LP owned 0.67% of EQT worth $184,012,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EQT. EverSource Wealth Advisors LLC grew its position in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its position in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the period. Stonebridge Financial Group LLC purchased a new position in EQT in the 4th quarter valued at $55,000. First Horizon Advisors Inc. increased its stake in EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after buying an additional 298 shares during the period. Finally, Larson Financial Group LLC raised its position in EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after buying an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Up 3.5 %

EQT stock traded up $1.88 during midday trading on Friday, hitting $55.28. The stock had a trading volume of 7,706,021 shares, compared to its average volume of 7,893,260. The stock has a market cap of $33.09 billion, a P/E ratio of 138.20, a P/E/G ratio of 0.64 and a beta of 0.59. The business has a fifty day moving average price of $50.81 and a 200 day moving average price of $48.18. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. 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 issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Research analysts predict 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. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is 110.53%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. upped their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. Stephens decreased their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average target price of $55.94.

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.