Fox Run Management L.L.C. Acquires 27,409 Shares of EQT Co. (NYSE:EQT)

Fox Run Management L.L.C. raised its holdings in shares of EQT Co. (NYSE:EQT) by 312.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,186 shares of the oil and gas producer’s stock after purchasing an additional 27,409 shares during the quarter. Fox Run Management L.L.C.’s holdings in EQT were worth $1,669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust lifted its holdings 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 valued at $48,000 after acquiring an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 valued at $45,000 after purchasing an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings 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 period. MassMutual Private Wealth & Trust FSB increased its position in shares of EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the last quarter. Finally, Radnor Capital Management LLC raised its holdings in EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after buying an additional 237 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

Shares of EQT opened at $52.89 on Friday. 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 has a 50 day moving average price of $51.25 and a 200-day moving average price of $44.12. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The stock has a market capitalization of $31.60 billion, a PE ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT’s dividend payout ratio is presently 157.50%.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of analyst reports. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $41.00 to $59.00 in a research report on Tuesday. Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Friday, March 14th. Finally, Citigroup boosted their price objective on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.50.

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.