Oppenheimer & Co. Inc. Sells 36,710 Shares of EQT Corporation (NYSE:EQT)

Oppenheimer & Co. Inc. decreased its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 45.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,416 shares of the oil and gas producer's stock after selling 36,710 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in EQT were worth $2,320,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. increased its stake in EQT by 47.7% in the 4th 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 buying an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in EQT during the fourth quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. boosted its position in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Price Performance

Shares of NYSE:EQT traded up $0.02 during trading on Monday, hitting $58.33. 11,136,878 shares of the company were exchanged, compared to its average volume of 7,936,524. The company has a market capitalization of $34.92 billion, a P/E ratio of 102.34, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $61.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $55.19 and its 200-day moving average is $51.78.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Equities analysts forecast that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Announces Dividend

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

Analyst Upgrades and Downgrades

EQT has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. JPMorgan Chase & Co. increased their price target on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Mizuho lifted their price objective on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Finally, Stephens lowered their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, EQT has an average rating of "Moderate Buy" and an average target price of $58.00.

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.