EQT Corporation (NYSE:EQT) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lessened its stake in shares of EQT Corporation (NYSE:EQT) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,925 shares of the oil and gas producer’s stock after selling 775 shares during the period. Moody Lynn & Lieberson LLC’s holdings in EQT were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EQT. Invesco Ltd. grew its stake in shares of EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock valued at $606,059,000 after buying an additional 4,162,065 shares during the period. Slate Path Capital LP purchased a new position in EQT during the 4th quarter worth $123,575,000. Castle Hook Partners LP boosted its holdings in shares of EQT by 199.5% in the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer’s stock valued at $184,012,000 after acquiring an additional 2,658,375 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EQT in the fourth quarter valued at about $113,924,000. Finally, Capital International Investors raised its position in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EQT shares. Roth Capital began coverage on shares of EQT in a report on Tuesday, June 24th. They set a “buy” rating and a $69.00 price target for the company. Scotiabank reiterated a “sector perform” rating and set a $62.00 price objective (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Mizuho boosted their target price 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. Stephens cut their price target on shares of EQT from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Piper Sandler upped their price target on shares of EQT from $35.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

EQT Stock Performance

NYSE EQT opened at $56.03 on Thursday. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02. The company has a 50-day simple moving average of $55.48 and a 200 day simple moving average of $51.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $33.54 billion, a PE ratio of 98.30, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. On average, research analysts predict that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.12%. EQT’s payout ratio is 110.53%.

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.