EQT Corporation (NYSE:EQT) Shares Bought by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. raised its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 53.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,824 shares of the oil and gas producer's stock after buying an additional 5,887 shares during the quarter. Financial Sense Advisors Inc.'s holdings in EQT were worth $899,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EQT. University of Texas Texas AM Investment Management Co. grew its holdings 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. Mascagni Wealth Management Inc. purchased a new position in EQT during the fourth quarter worth about $55,000. Colonial Trust Co SC boosted its stake in EQT by 255.5% during the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock worth $66,000 after buying an additional 1,022 shares during the period. Altshuler Shaham Ltd purchased a new position in EQT during the fourth quarter worth about $70,000. Finally, Capital A Wealth Management LLC purchased a new position in EQT during the fourth quarter worth about $72,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EQT shares. Wells Fargo & Company increased their target price on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Wall Street Zen lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Stephens lowered their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. Finally, Roth Capital initiated coverage on shares of EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective for the company. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.79.

EQT Stock Performance

NYSE:EQT traded up $2.44 during mid-day trading on Thursday, reaching $54.40. 8,787,603 shares of the stock were exchanged, compared to its average volume of 8,448,405. The company has a 50 day simple moving average of $56.49 and a 200-day simple moving average of $52.99. The stock has a market capitalization of $32.57 billion, a P/E ratio of 29.37, a P/E/G ratio of 0.35 and a beta of 0.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $61.02.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.38%. During the same period in the previous year, the firm earned ($0.08) earnings per share. Analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.16%. EQT's payout ratio is 34.05%.

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.