Parametrica Management Ltd Decreases Stock Position in EQT Co. (NYSE:EQT)

Parametrica Management Ltd reduced its holdings in shares of EQT Co. (NYSE:EQT) by 52.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,999 shares of the oil and gas producer’s stock after selling 5,489 shares during the period. Parametrica Management Ltd’s holdings in EQT were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in shares of EQT by 104.7% during the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after acquiring an additional 32,484 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of EQT by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after purchasing an additional 16,416 shares during the last quarter. FMR LLC grew its holdings in shares of EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after buying an additional 28,129 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of EQT by 13.4% in the fourth 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 last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EQT. Stephens raised shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $59.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 target price on shares of EQT in a research report on Monday, January 6th. UBS Group lifted their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Piper Sandler increased their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Price Performance

EQT stock opened at $54.25 on Wednesday. The stock has a 50-day simple moving average of $51.40 and a 200-day simple moving average of $44.58. The firm has a market cap of $32.41 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. EQT’s dividend payout ratio is presently 157.50%.

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.