Lloyd Harbor Capital Management LLC bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 125,000 shares of the oil and gas producer's stock, valued at approximately $5,764,000. EQT accounts for approximately 3.8% of Lloyd Harbor Capital Management LLC's holdings, making the stock its 13th largest position.
Several other large investors have also recently bought and sold shares of EQT. Parkside Financial Bank & Trust grew its stake in shares of 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $45,000 after purchasing an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after purchasing an additional 223 shares during the last quarter. Huntington National Bank grew its stake in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after purchasing an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
EQT Stock Down 0.3%
Shares of EQT stock traded down $0.17 during trading on Friday, hitting $55.83. 4,374,261 shares of the company were exchanged, compared to its average volume of 7,950,662. 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 firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 139.58, a P/E/G ratio of 0.64 and a beta of 0.59. The business's 50-day simple moving average is $51.59 and its 200 day simple moving average is $48.81. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.04.
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, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is 110.53%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on EQT shares. Mizuho lifted their price objective on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Stephens decreased their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company raised their target price on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Finally, UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and raised their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $56.67.
Read Our Latest Stock Report on EQT
EQT Company Profile
(
Free Report)
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.
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