EQT Co. (NYSE:EQT) Shares Sold by Valueworks LLC

Valueworks LLC reduced its stake in EQT Co. (NYSE:EQT - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,636 shares of the oil and gas producer's stock after selling 25,504 shares during the period. EQT makes up about 3.6% of Valueworks LLC's investment portfolio, making the stock its 12th biggest holding. Valueworks LLC's holdings in EQT were worth $10,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of EQT by 46.3% during 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 acquiring an additional 4,162,065 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after acquiring an additional 3,454,741 shares in the last quarter. Slate Path Capital LP acquired a new stake in shares of EQT during the fourth quarter valued at about $123,575,000. Castle Hook Partners LP lifted its position in shares of EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after purchasing an additional 2,658,375 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of EQT during the fourth quarter worth about $113,924,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQT has been the topic of several research analyst reports. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Morgan Stanley increased their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Stephens reduced their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler increased their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company increased their price target 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.67.

EQT Trading Down 0.6%

EQT stock opened at $55.50 on Tuesday. 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 firm has a market cap of $33.22 billion, a price-to-earnings ratio of 138.75, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.04. The firm's 50 day moving average price is $51.71 and its two-hundred day moving average price is $49.04.

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 (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion for 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%. On average, research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced 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 is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. EQT's 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.

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