O Shaughnessy Asset Management LLC Increases Stock Holdings in EQT Co. (NYSE:EQT)

O Shaughnessy Asset Management LLC increased its stake in EQT Co. (NYSE:EQT) by 79.8% in the fourth quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC grew its holdings in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after purchasing an additional 28,129 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of EQT by 32,157.1% during the third quarter. Benjamin Edwards Inc. now owns 6,774 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 6,753 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of EQT by 0.3% in the third quarter. HighTower Advisors LLC now owns 431,780 shares of the oil and gas producer’s stock worth $15,823,000 after buying an additional 1,436 shares during the period. Janus Henderson Group PLC lifted its stake in shares of EQT by 162.2% during the 3rd quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer’s stock worth $1,775,000 after acquiring an additional 29,949 shares during the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in EQT by 104.7% during the 3rd quarter. Investment Management Corp of Ontario now owns 18,770 shares of the oil and gas producer’s stock valued at $688,000 after acquiring an additional 9,600 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

NYSE EQT opened at $46.02 on Friday. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The firm’s fifty day simple moving average is $51.25 and its two-hundred day simple moving average is $45.59. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $27.50 billion, a P/E ratio of 115.06, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Analysts forecast that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on EQT shares. JPMorgan Chase & Co. lifted their target price on EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Mizuho boosted their price objective on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. UBS Group boosted their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Citigroup raised their price objective on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.