Mercuria Capital Strategies LLC Has $37.84 Million Stake in EQT Co. (NYSE:EQT)

Mercuria Capital Strategies LLC decreased its stake in shares of EQT Co. (NYSE:EQT - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 708,244 shares of the oil and gas producer's stock after selling 51,756 shares during the period. EQT accounts for about 45.8% of Mercuria Capital Strategies LLC's holdings, making the stock its largest position. Mercuria Capital Strategies LLC owned about 0.12% of EQT worth $37,841,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. raised its position in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC lifted its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% during the fourth 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 acquired a new stake in shares of EQT in the fourth quarter valued at about $55,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of EQT in the fourth quarter worth about $55,000. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

NYSE:EQT traded down $1.52 on Monday, reaching $54.87. The stock had a trading volume of 7,187,189 shares, compared to its average volume of 7,919,857. The company has a market capitalization of $32.85 billion, a P/E ratio of 137.18, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. The stock has a fifty day moving average price of $52.59 and a 200-day moving average price of $50.34. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $57.37.

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

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio is presently 110.53%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EQT. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Citigroup boosted 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. Scotiabank reissued a "sector perform" rating and issued a $62.00 price target (up from $57.00) on shares of EQT in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Piper Sandler upped their price objective on shares of EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.11.

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.