Goehring & Rozencwajg Associates LLC Acquires 13,237 Shares of EQT Corporation (NYSE:EQT)

Goehring & Rozencwajg Associates LLC increased its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 605,654 shares of the oil and gas producer's stock after buying an additional 13,237 shares during the quarter. EQT accounts for approximately 6.0% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 4th largest holding. Goehring & Rozencwajg Associates LLC owned 0.10% of EQT worth $32,542,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. raised its position in shares of EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC raised its holdings in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in EQT during the 4th quarter worth approximately $55,000. Larson Financial Group LLC raised its holdings in EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after buying an additional 1,290 shares during the period. Finally, Colonial Trust Co SC raised its holdings in EQT by 255.5% during the 4th 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. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

NYSE EQT traded down $0.79 during trading on Friday, reaching $55.36. 4,295,628 shares of the company's stock were exchanged, compared to its average volume of 7,987,285. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $33.15 billion, a P/E ratio of 97.12, a PEG ratio of 0.34 and a beta of 0.65. EQT Corporation has a fifty-two week low of $30.02 and a fifty-two week high of $61.02. The business has a 50 day moving average price of $55.71 and a 200-day moving average price of $52.05.

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

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. EQT's dividend payout ratio (DPR) is currently 110.53%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Citigroup lifted their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $54.00 to $64.00 in a report on Monday, May 5th. Finally, Morgan Stanley lifted their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Two equities 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 has a consensus rating of "Moderate Buy" and an average price target of $58.00.

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.