LVM Capital Management Ltd. MI Makes New Investment in EQT Co. (NYSE:EQT)

LVM Capital Management Ltd. MI purchased a new stake in EQT Co. (NYSE:EQT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,249 shares of the oil and gas producer's stock, valued at approximately $708,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Andrew Hill Investment Advisors Inc. raised its holdings in shares of EQT by 6.7% in the first quarter. Andrew Hill Investment Advisors Inc. now owns 112,474 shares of the oil and gas producer's stock valued at $6,010,000 after buying an additional 7,102 shares during the last quarter. Parallel Advisors LLC increased its stake in EQT by 1.5% in the first quarter. Parallel Advisors LLC now owns 27,403 shares of the oil and gas producer's stock valued at $1,464,000 after purchasing an additional 405 shares in the last quarter. GAMMA Investing LLC increased its position in shares of EQT by 7,501.1% in the 1st quarter. GAMMA Investing LLC now owns 638,489 shares of the oil and gas producer's stock valued at $34,114,000 after buying an additional 630,089 shares in the last quarter. Quent Capital LLC raised its position in shares of EQT by 81.3% during the first quarter. Quent Capital LLC now owns 2,253 shares of the oil and gas producer's stock worth $120,000 after purchasing an additional 1,010 shares during the period. Finally, Farmers Trust Co. raised its holdings in EQT by 0.9% during the 1st quarter. Farmers Trust Co. now owns 68,739 shares of the oil and gas producer's stock worth $3,673,000 after buying an additional 627 shares during the period. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

EQT has been the subject of a number of recent research reports. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Stephens cut their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Morgan Stanley boosted their price objective on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Scotiabank reissued a "sector perform" rating and set a $62.00 target price (up from $57.00) on shares of EQT in a report on Thursday, May 22nd. Two equities research 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

EQT Stock Up 0.1%

Shares of EQT stock traded up $0.05 during mid-day trading on Tuesday, hitting $56.71. The company's stock had a trading volume of 8,246,015 shares, compared to its average volume of 7,909,483. EQT Co. has a 52-week low of $30.02 and a 52-week high of $57.37. The business has a 50-day moving average price of $52.37 and a 200 day moving average price of $50.05. 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 stock has a market cap of $33.95 billion, a price-to-earnings ratio of 141.79, a PEG ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.11%. 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.