4,319 Shares in EQT Co. (NYSE:EQT) Purchased by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,319 shares of the oil and gas producer’s stock, valued at approximately $199,000.

Several other large investors have also recently added to or reduced their stakes in EQT. Quarry LP raised its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Financial Avengers Inc. raised its position in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% in the fourth 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 in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of EQT by 22.7% during the fourth 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. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of EQT in the fourth quarter valued at $55,000. 90.81% of the stock is owned by institutional investors.

EQT Stock Down 11.6 %

Shares of NYSE:EQT opened at $46.02 on Friday. The company has a 50 day moving average price of $51.25 and a two-hundred day moving average price of $45.59. The company has a market capitalization of $27.50 billion, a PE ratio of 115.06, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. Analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. EQT’s dividend payout ratio is presently 157.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EQT shares. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Piper Sandler increased their price target on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Morgan Stanley reiterated an “overweight” rating and issued a $67.00 price objective (up from $63.00) on shares of EQT in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $55.28.

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.