EQT Co. (NYSE:EQT) Shares Sold by Interval Partners LP

Interval Partners LP cut its holdings in EQT Co. (NYSE:EQT - Free Report) by 35.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,992 shares of the oil and gas producer's stock after selling 63,553 shares during the period. Interval Partners LP's holdings in EQT were worth $5,302,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after purchasing an additional 16,416 shares during the last quarter. D.A. Davidson & CO. raised its holdings in EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock valued at $298,000 after buying an additional 762 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in EQT by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock valued at $1,914,000 after buying an additional 5,489 shares during the last quarter. Howard Financial Services LTD. purchased a new position in EQT during the fourth quarter worth about $223,000. Finally, Segment Wealth Management LLC purchased a new position in EQT during the fourth quarter worth about $1,735,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Down 0.6%

Shares of EQT traded down $0.36 during midday trading on Thursday, hitting $56.00. The company had a trading volume of 9,100,900 shares, compared to its average volume of 7,930,824. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.02. The firm has a market capitalization of $33.52 billion, a P/E ratio of 140.00, a P/E/G ratio of 0.64 and a beta of 0.59. 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's 50-day simple moving average is $51.28 and its 200-day simple moving average is $48.49.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.13%. EQT's payout ratio is 110.53%.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research analyst reports. Stephens reduced their price target 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. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price on the stock in a research report on Wednesday, January 15th. Mizuho upped their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a report on Tuesday, April 8th. Finally, Citigroup increased their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average price target of $56.67.

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.