Oppenheimer & Co. Inc. Invests $207,000 in EQT Co. (NYSE:EQT)

Oppenheimer & Co. Inc. acquired a new position in shares of EQT Co. (NYSE:EQTGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,005 shares of the oil and gas producer’s stock, valued at approximately $207,000.

Other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC grew its holdings in shares of EQT by 32.7% during the 1st quarter. Kestra Advisory Services LLC now owns 17,140 shares of the oil and gas producer’s stock worth $590,000 after purchasing an additional 4,223 shares in the last quarter. Csenge Advisory Group acquired a new stake in shares of EQT during the 1st quarter worth approximately $294,000. Advisor Partners LLC boosted its stake in EQT by 3.5% in the 1st quarter. Advisor Partners LLC now owns 19,492 shares of the oil and gas producer’s stock valued at $671,000 after buying an additional 656 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in EQT in the 4th quarter valued at $3,540,000. Finally, Profund Advisors LLC boosted its stake in EQT by 38.1% in the 1st quarter. Profund Advisors LLC now owns 36,287 shares of the oil and gas producer’s stock valued at $1,249,000 after buying an additional 10,016 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

EQT Trading Up 1.3 %

EQT stock opened at $46.00 on Thursday. The company has a market cap of $17.02 billion, a P/E ratio of -16.91, a PEG ratio of 0.24 and a beta of 1.15. EQT Co. has a twelve month low of $17.95 and a twelve month high of $51.73. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $42.56 and a 200-day moving average of $38.81.

EQT (NYSE:EQTGet Rating) last released its earnings results on Wednesday, July 27th. The oil and gas producer reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.63 billion. The company’s revenue was up 61.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, equities research analysts expect that EQT Co. will post 3.86 EPS for the current year.

EQT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 9th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 8th. This is a boost from EQT’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. EQT’s payout ratio is -22.06%.

Analyst Ratings Changes

Several brokerages recently commented on EQT. Piper Sandler boosted their price target on EQT from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, July 22nd. Morgan Stanley decreased their price target on EQT from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. The Goldman Sachs Group boosted their price target on EQT from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. Citigroup reaffirmed a “buy” rating and issued a $48.00 price target on shares of EQT in a research note on Thursday, July 21st. Finally, StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.15.

EQT Company Profile

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EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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