Syon Capital LLC Takes Position in EQT Co. (NYSE:EQT)

Syon Capital LLC purchased a new position in shares of EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,936 shares of the oil and gas producer's stock, valued at approximately $412,000.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust lifted its position 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 buying an additional 193 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of EQT during the 4th quarter valued at about $55,000. First Horizon Advisors Inc. raised its stake 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 worth $55,000 after acquiring an additional 298 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in EQT by 1,343.8% in the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after acquiring an additional 1,290 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Truist Financial lifted their target price on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company raised their price target on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.39.

EQT Stock Down 3.9 %

Shares of EQT stock traded down $1.99 during trading hours on Wednesday, hitting $49.23. 2,230,646 shares of the company were exchanged, compared to its average volume of 7,789,872. The business has a 50 day moving average of $50.21 and a two-hundred day moving average of $47.28. The company has a market capitalization of $29.47 billion, a PE ratio of 123.08, a PEG ratio of 0.64 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.16 billion. Analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal 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 dividend of $0.1575 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.28%. EQT's dividend payout ratio is presently 110.53%.

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.