O Shaughnessy Asset Management LLC Acquires 13,803 Shares of EQT Co. (NYSE:EQT)

O Shaughnessy Asset Management LLC raised its stake in shares of EQT Co. (NYSE:EQT) by 79.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,102 shares of the oil and gas producer’s stock after acquiring an additional 13,803 shares during the period. O Shaughnessy Asset Management LLC’s holdings in EQT were worth $1,434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC boosted its holdings in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after buying an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after acquiring an additional 16,416 shares during the period. FMR LLC increased its position in EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after acquiring an additional 28,129 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after acquiring an additional 762 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Trading Down 11.6 %

Shares of EQT stock opened at $46.02 on Friday. EQT Co. has a twelve month low of $30.02 and a twelve month 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 business has a 50-day moving average price of $51.25 and a 200-day moving average price of $45.59. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 115.06, a PEG ratio of 0.64 and a beta of 1.12.

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

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Analysts Set New Price Targets

Several research firms have recently commented on EQT. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a research report on Wednesday, January 15th. Mizuho increased their price target on shares of EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Truist Financial raised their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Stephens raised EQT from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.28.

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.