EQT Corporation (NYSE:EQT) Shares Acquired by Mariner Investment Group LLC

Mariner Investment Group LLC raised its position in EQT Corporation (NYSE:EQT - Free Report) by 300.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,000 shares of the oil and gas producer's stock after buying an additional 30,000 shares during the quarter. EQT comprises about 0.8% of Mariner Investment Group LLC's holdings, making the stock its 12th largest position. Mariner Investment Group LLC's holdings in EQT were worth $2,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EQT. Teacher Retirement System of Texas purchased a new stake in shares of EQT during the 4th quarter worth $244,000. Aviva PLC purchased a new stake in shares of EQT during the 4th quarter worth $14,719,000. Axxcess Wealth Management LLC boosted its position in shares of EQT by 7.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 6,661 shares of the oil and gas producer's stock worth $356,000 after purchasing an additional 434 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of EQT during the 1st quarter worth $226,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of EQT by 101.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 9,039 shares of the oil and gas producer's stock worth $483,000 after purchasing an additional 4,559 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Trading Up 0.8%

Shares of EQT stock opened at $59.20 on Friday. The firm has a 50-day moving average price of $56.63 and a 200 day moving average price of $52.91. EQT Corporation has a twelve month low of $30.02 and a twelve month high of $61.02. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 103.86, a PEG ratio of 0.38 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Research analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is currently 110.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group restated a "buy" rating on shares of EQT in a research report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating on shares of EQT in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Finally, Stephens decreased their price objective 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and an average target price of $60.63.

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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