EQT Co. (NYSE:EQT) Stake Lessened by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in EQT Co. (NYSE:EQT - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,738 shares of the oil and gas producer's stock after selling 7,255 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in EQT were worth $818,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised 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 purchasing an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after buying an additional 223 shares in the last quarter. Huntington National Bank grew its position in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after buying an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after acquiring an additional 236 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EQT shares. StockNews.com cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Citigroup upped their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. Finally, TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Down 3.5 %

NYSE EQT traded down $1.78 during mid-day trading on Wednesday, reaching $49.44. 11,850,837 shares of the company's stock traded hands, compared to its average volume of 7,826,914. The company has a market cap of $29.60 billion, a price-to-earnings ratio of 123.60, a P/E/G ratio of 0.64 and a beta of 1.35. 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 company has a fifty day simple moving average of $50.21 and a 200-day simple moving average of $47.28. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company 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 is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.27%. EQT's dividend payout ratio is presently 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.