EQT Corporation (NYSE:EQT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 45.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. boosted its stake in shares of EQT by 47.7% during the 4th 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 acquiring an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of EQT in the fourth quarter valued at approximately $55,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

NYSE:EQT traded up $0.17 during mid-day trading on Friday, hitting $58.32. 10,530,306 shares of the company's stock traded hands, compared to its average volume of 7,919,487. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $34.91 billion, a PE ratio of 102.32, a price-to-earnings-growth ratio of 0.36 and a beta of 0.65. The firm's 50 day simple moving average is $54.82 and its 200 day simple moving average is $51.50. 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 released its quarterly 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. EQT had a net margin of 6.59% and a return on equity of 5.52%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued 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 dividend yield of 1.08%. EQT's dividend payout ratio (DPR) is 110.53%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Scotiabank reaffirmed a "sector perform" rating and set a $62.00 price objective (up previously from $57.00) on shares of EQT in a research report on Thursday, May 22nd. 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. Mizuho boosted their price target on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a report on Tuesday, April 8th. 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 company's stock. According to MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and a consensus target price 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.