Lloyd Harbor Capital Management LLC Acquires Shares of 125,000 EQT Co. (NYSE:EQT)

Lloyd Harbor Capital Management LLC bought a new position 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 Securities and Exchange Commission (SEC). The fund bought 125,000 shares of the oil and gas producer's stock, valued at approximately $5,764,000. EQT makes up approximately 3.8% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 13th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after acquiring an additional 4,162,065 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock worth $205,830,000 after buying an additional 3,454,741 shares during the period. Slate Path Capital LP purchased a new position in shares of EQT during the fourth quarter valued at $123,575,000. Castle Hook Partners LP raised its position in EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock valued at $184,012,000 after buying an additional 2,658,375 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in EQT in the 4th quarter worth about $113,924,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of NYSE EQT traded down $0.36 during trading hours on Thursday, reaching $56.00. The stock had a trading volume of 9,100,900 shares, compared to its average volume of 7,930,825. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business's fifty day moving average is $51.28 and its two-hundred day moving average is $48.49. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 140.00, a PEG ratio of 0.64 and a beta of 0.59.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently announced 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. This represents a $0.63 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is currently 110.53%.

Wall Street Analyst Weigh In

EQT has been the subject 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 for the company in a research report on Tuesday, April 15th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research note on Tuesday, April 8th. Mizuho increased their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. boosted their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $56.67.

EQT Company 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.