Oppenheimer Asset Management Inc. Boosts Stake in EQT Co. (NYSE:EQT)

Oppenheimer Asset Management Inc. lifted its holdings in EQT Co. (NYSE:EQT) by 28.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,875 shares of the oil and gas producer’s stock after buying an additional 4,145 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EQT were worth $692,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. purchased a new stake in EQT during the third quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of EQT during the 2nd quarter valued at approximately $28,000. Hexagon Capital Partners LLC increased its stake in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 598 shares during the period. 90.81% of the stock is owned by institutional investors.

EQT Stock Down 0.5 %

EQT opened at $44.08 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $37.16 and its 200 day simple moving average is $36.81. EQT Co. has a 52 week low of $30.02 and a 52 week high of $44.62. The stock has a market cap of $26.30 billion, a PE ratio of 52.71 and a beta of 1.06.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. As a group, research analysts expect that EQT Co. will post 1.28 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.43%. EQT’s dividend payout ratio (DPR) is 75.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EQT shares. Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. Mizuho boosted their price objective on EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Stephens increased their target price on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

EQT 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.