Yaupon Capital Management LP Decreases Stock Holdings in EQT Co. (NYSE:EQT)

Yaupon Capital Management LP cut its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 399,934 shares of the oil and gas producer's stock after selling 910,199 shares during the quarter. Yaupon Capital Management LP owned approximately 0.07% of EQT worth $18,441,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bard Financial Services Inc. acquired a new position in EQT during the 3rd quarter worth approximately $878,000. Wilmington Savings Fund Society FSB acquired a new position in shares of EQT during the third quarter worth $165,000. Blankinship & Foster LLC acquired a new position in shares of EQT during the third quarter worth $4,051,000. Tidal Investments LLC increased its holdings in EQT by 55.8% in the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer's stock valued at $2,228,000 after buying an additional 21,789 shares during the last quarter. Finally, Synovus Financial Corp acquired a new stake in EQT in the third quarter valued at $1,069,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQT has been the topic of a number of recent analyst reports. Citigroup increased their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Stephens dropped their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Truist Financial boosted their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.39.

EQT Stock Performance

NYSE:EQT traded up $1.44 during midday trading on Friday, reaching $50.26. The stock had a trading volume of 9,360,326 shares, compared to its average volume of 7,802,103. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $30.09 billion, a P/E ratio of 125.65, a P/E/G ratio of 0.64 and a beta of 1.35. The firm has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $47.16. 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, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for 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%. On average, equities analysts expect 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 $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.25%. EQT's dividend payout ratio is currently 110.53%.

About EQT

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.