EQT Co. (NYSE:EQT) Shares Bought by Castleark Management LLC

Castleark Management LLC lifted its position in shares of EQT Co. (NYSE:EQT - Free Report) by 752.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,050 shares of the oil and gas producer's stock after purchasing an additional 294,000 shares during the period. Castleark Management LLC owned about 0.06% of EQT worth $15,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in EQT by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock worth $3,344,371,000 after buying an additional 358,649 shares during the last quarter. Geode Capital Management LLC grew its position in EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after buying an additional 429,733 shares during the period. Capital International Investors increased its stake in EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after purchasing an additional 2,433,632 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of EQT by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after buying an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of EQT by 46.3% in the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 1.0%

Shares of EQT opened at $56.09 on Wednesday. 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 50-day simple moving average of $51.86 and a 200-day simple moving average of $49.09. EQT Co. has a 52 week low of $30.02 and a 52 week high of $57.37. The firm has a market capitalization of $33.58 billion, a P/E ratio of 140.23, a P/E/G ratio of 0.64 and a beta of 0.59.

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 for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm 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 research analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Piper Sandler increased their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Wells Fargo & Company boosted their target price on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Finally, Morgan Stanley raised their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two 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. Based on data from MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.67.

EQT 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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