EQT Co. (NYSE:EQT) Shares Purchased by Xponance Inc.

Xponance Inc. grew its position in EQT Co. (NYSE:EQT) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,133 shares of the oil and gas producer’s stock after purchasing an additional 4,941 shares during the period. Xponance Inc.’s holdings in EQT were worth $2,113,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQT. Innealta Capital LLC bought a new position in EQT in the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted its position in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of 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 worth $37,000 after purchasing an additional 908 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of EQT by 65.5% during the second quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 570 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in shares of EQT during the first quarter valued at about $54,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Price Performance

NYSE EQT opened at $35.51 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23. The company has a market cap of $15.68 billion, a PE ratio of 25.73 and a beta of 1.06. The stock’s 50-day moving average price is $33.25 and its two-hundred day moving average price is $36.40.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the business earned ($0.17) earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that EQT Co. will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.77%. EQT’s payout ratio is currently 45.65%.

Wall Street Analyst Weigh In

EQT has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Truist Financial lowered their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Piper Sandler downgraded EQT from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. Citigroup reaffirmed a “neutral” rating and set a $37.00 price target on shares of EQT in a research note on Friday, August 23rd. Finally, UBS Group dropped their price objective on EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, EQT presently has a consensus rating of “Hold” and an average price target of $43.39.

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.