Xponance Inc. Buys 2,984 Shares of EQT Co. (NYSE:EQT)

Xponance Inc. grew its stake in shares of EQT Co. (NYSE:EQT) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,834 shares of the oil and gas producer’s stock after buying an additional 2,984 shares during the period. Xponance Inc.’s holdings in EQT were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EQT. BKM Wealth Management LLC acquired a new stake in EQT during the 4th quarter worth $40,000. Allworth Financial LP increased its holdings in shares of EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 282 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of EQT during the third quarter worth about $54,000. AdvisorNet Financial Inc grew its position in shares of EQT by 709.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,449 shares of the oil and gas producer’s stock valued at $59,000 after purchasing an additional 1,270 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of EQT by 52.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 539 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Trading Up 0.0 %

NYSE EQT opened at $37.98 on Wednesday. The company has a market cap of $16.73 billion, a PE ratio of 8.94 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.84 and a 12 month high of $45.23. The stock has a 50 day moving average of $36.06 and a 200-day moving average of $37.99.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts anticipate that EQT Co. will post 1.07 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 14.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank upgraded EQT from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $40.00 to $52.00 in a research report on Thursday, April 11th. Mizuho boosted their price objective on EQT from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Jefferies Financial Group boosted their price objective on EQT from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group decreased their price objective on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 price target (down previously from $39.00) on shares of EQT in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.38.

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.