EQT Co. (NYSE:EQT) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its stake in shares of EQT Co. (NYSE:EQT) by 70.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,951 shares of the oil and gas producer’s stock after selling 350,735 shares during the quarter. ExodusPoint Capital Management LP’s holdings in EQT were worth $6,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its stake in shares of EQT by 104.7% during the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after acquiring an additional 32,484 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of EQT by 36.7% during 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 purchasing 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% during 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 buying an additional 16,416 shares in the last quarter. FMR LLC raised its position in shares of EQT by 2.5% in 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 buying an additional 28,129 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of EQT by 13.4% during 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 buying an additional 762 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $59.00 in a research note on Tuesday, March 18th. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. One equities research 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.com, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $55.28.

EQT Stock Down 11.6 %

Shares of NYSE EQT opened at $46.02 on Friday. The stock has a fifty day moving average price of $51.25 and a 200 day moving average price of $45.59. The company has a market cap 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 Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate 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%. Research analysts anticipate that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.37%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

About EQT

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.