EQT Corporation (NYSE:EQT) Shares Sold by Riposte Capital LLC

Key Points

• Riposte Capital LLC significantly reduced its holdings in EQT Corporation by 77.2%, dropping from 635,000 shares to 145,000 shares, making EQT only 1.4% of its investment portfolio.
• EQT reported a quarterly earnings miss with EPS of $0.45, falling short of analysts' estimates of $0.52, alongside a revenue of $1.60 billion versus expected $1.78 billion.
• The company declared a quarterly dividend of $0.1575 per share, which will be paid on September 2nd, representing an annualized dividend yield of 1.16%.

Riposte Capital LLC lessened its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 77.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,000 shares of the oil and gas producer's stock after selling 490,000 shares during the period. EQT accounts for approximately 1.4% of Riposte Capital LLC's holdings, making the stock its 13th biggest position. Riposte Capital LLC's holdings in EQT were worth $7,747,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EQT. Allianz Asset Management GmbH boosted its stake in EQT by 36.3% in the 1st quarter. Allianz Asset Management GmbH now owns 205,679 shares of the oil and gas producer's stock worth $10,989,000 after purchasing an additional 54,779 shares in the last quarter. Kingsman Wealth Management Inc. bought a new position in EQT in the 1st quarter worth about $1,284,000. Wedbush Securities Inc. bought a new position in EQT in the 1st quarter worth about $216,000. Teacher Retirement System of Texas bought a new position in EQT in the 4th quarter worth about $244,000. Finally, Aviva PLC bought a new position in EQT during the 4th quarter valued at about $14,719,000. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 2.2%

Shares of EQT stock traded up $1.12 during trading hours on Tuesday, reaching $53.03. 2,745,503 shares of the company's stock were exchanged, compared to its average volume of 8,487,457. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $61.02. The stock has a market cap of $33.09 billion, a PE ratio of 28.65, a PEG ratio of 0.35 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average price is $56.31 and its two-hundred day moving average price is $53.15.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.78 billion. EQT had a return on equity of 6.24% and a net margin of 15.87%. During the same quarter in the previous year, the firm posted ($0.08) EPS. Research analysts predict that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, August 6th. EQT's payout ratio is presently 34.05%.

Analyst Ratings Changes

Several research firms have issued reports on EQT. Jefferies Financial Group restated a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of EQT in a research note on Tuesday, July 8th. Piper Sandler upped their target price on shares of EQT from $48.00 to $49.00 and gave the company a "neutral" rating in a research note on Friday. UBS Group restated a "buy" rating on shares of EQT in a research note on Monday, July 14th. Royal Bank Of Canada upped their target price on shares of EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Finally, Barclays upped their target price on shares of EQT from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.84.

Insider Buying and Selling at EQT

In other news, EVP Sarah Fenton sold 12,438 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the completion of the transaction, the executive vice president directly owned 13,297 shares of the company's stock, valued at $690,646.18. This represents a 48.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

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.