Lombard Odier Asset Management Switzerland SA reduced its holdings in EQT Co. (NYSE:EQT) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,792 shares of the oil and gas producer’s stock after selling 2,192 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in EQT were worth $1,411,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Aperio Group LLC raised its position in shares of EQT by 17.0% during the 3rd quarter. Aperio Group LLC now owns 74,088 shares of the oil and gas producer’s stock worth $4,834,000 after buying an additional 10,745 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of EQT during the 3rd quarter worth about $907,000. Stevens Capital Management LP bought a new stake in shares of EQT during the 3rd quarter worth about $3,481,000. Gabelli Funds LLC raised its position in shares of EQT by 30.8% during the 3rd quarter. Gabelli Funds LLC now owns 51,000 shares of the oil and gas producer’s stock worth $3,327,000 after buying an additional 12,000 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of EQT by 1.8% during the 3rd quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock worth $21,887,000 after buying an additional 5,939 shares in the last quarter. Institutional investors own 91.48% of the company’s stock.
EQT Co. (EQT) traded down $0.21 during midday trading on Wednesday, reaching $52.45. 2,769,620 shares of the company’s stock were exchanged, compared to its average volume of 4,017,408. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $13,805.49, a PE ratio of 7.34, a PEG ratio of 1.94 and a beta of 0.74. EQT Co. has a 1 year low of $43.70 and a 1 year high of $67.84.
EQT (NYSE:EQT) last posted its earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.54. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $909.42 million. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company’s revenue was up 197.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. analysts expect that EQT Co. will post 1.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is presently 1.68%.
A number of research firms have commented on EQT. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 price objective (up previously from $64.00) on shares of EQT in a research note on Wednesday, February 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 price objective on shares of EQT in a research note on Tuesday, November 14th. Jefferies Group set a $65.00 target price on shares of EQT and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Finally, Wolfe Research raised shares of EQT from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $77.38.
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EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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