Fogel Capital Management Inc. Takes Position in EQT Co. (NYSE:EQT)

Fogel Capital Management Inc. acquired a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,300 shares of the oil and gas producer's stock, valued at approximately $764,000. EQT comprises 0.4% of Fogel Capital Management Inc.'s holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of EQT. Invesco Ltd. grew its holdings in shares of EQT by 46.3% in 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 purchasing an additional 4,162,065 shares in the last quarter. Slate Path Capital LP purchased a new position in shares of EQT in the fourth quarter valued at $123,575,000. Castle Hook Partners LP grew its holdings in shares of EQT by 199.5% in the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock valued at $184,012,000 after purchasing an additional 2,658,375 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of EQT in the fourth quarter valued at $113,924,000. Finally, Capital International Investors grew its holdings in shares of EQT by 21.3% in the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after purchasing an additional 2,433,632 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on EQT shares. 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. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Morgan Stanley lifted their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, EQT currently has an average rating of "Moderate Buy" and a consensus price target of $57.39.

EQT Stock Performance

Shares of EQT stock opened at $58.17 on Tuesday. The company has a market capitalization of $34.82 billion, a PE ratio of 145.43, a P/E/G ratio of 0.64 and a beta of 0.65. 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 company has a 50-day simple moving average of $53.35 and a two-hundred day simple moving average of $50.76. EQT Co. has a one year low of $30.02 and a one year high of $58.75.

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 analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.08%. EQT's payout ratio is 110.53%.

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.

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