6,257 Shares in EQT Co. (NYSE:EQT) Purchased by CMC Financial Group

CMC Financial Group purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,257 shares of the oil and gas producer's stock, valued at approximately $334,000. EQT accounts for about 0.8% of CMC Financial Group's investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Parkside Financial Bank & Trust grew its stake 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 worth $48,000 after buying an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Generali Investments Management Co LLC boosted its stake in shares of EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock valued at $91,000 after purchasing an additional 211 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake 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 purchasing an additional 223 shares in the last quarter. Finally, Huntington National Bank boosted its stake 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 purchasing an additional 224 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EQT. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Citigroup upped their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. 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. Scotiabank reaffirmed a "sector perform" rating and issued a $62.00 price objective (up previously from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Finally, Mizuho increased their price target on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

EQT Trading Up 1.9%

NYSE:EQT opened at $56.38 on Friday. The company has a 50-day moving average price of $52.59 and a 200-day moving average price of $50.29. EQT Co. has a 12 month low of $30.02 and a 12 month high of $57.37. 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 stock has a market cap of $33.75 billion, a price-to-earnings ratio of 140.95, a P/E/G ratio of 0.64 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.12%. 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.

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