Xponance Inc. Sells 1,857 Shares of EQT Co. (NYSE:EQT)

Xponance Inc. cut its position in shares of EQT Co. (NYSE:EQT) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,194 shares of the oil and gas producer’s stock after selling 1,857 shares during the period. Xponance Inc.’s holdings in EQT were worth $3,744,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after acquiring an additional 20,700,921 shares in the last quarter. State Street Corp raised its holdings in shares of EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the period. Boston Partners boosted its stake in shares of EQT by 7.2% during the fourth quarter. Boston Partners now owns 6,356,476 shares of the oil and gas producer’s stock valued at $293,213,000 after purchasing an additional 429,630 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in EQT by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer’s stock valued at $234,878,000 after buying an additional 80,799 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Price Performance

Shares of NYSE EQT opened at $53.74 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $32.11 billion, a P/E ratio of 134.36, a P/E/G ratio of 0.64 and a beta of 1.12. The business’s 50 day moving average price is $51.17 and its 200 day moving average price is $43.99.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Wall Street Analysts Forecast Growth

EQT has been the topic of several recent research reports. Piper Sandler increased their target price on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, March 6th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $48.00 to $57.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Finally, UBS Group boosted their price objective on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Company 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.