EQT Co. (NYSE:EQT) is Goehring & Rozencwajg Associates LLC’s 5th Largest Position

Goehring & Rozencwajg Associates LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,293 shares of the oil and gas producer’s stock after buying an additional 57,200 shares during the period. EQT comprises 4.2% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 5th biggest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.13% of EQT worth $21,311,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of EQT during the 2nd quarter worth approximately $28,000. Blue Trust Inc. grew its holdings in shares of EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Wolff Wiese Magana LLC grew its holdings in shares of EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 908 shares during the period. Principal Securities Inc. acquired a new stake in shares of EQT in the 4th quarter worth approximately $51,000. Finally, Industrial Alliance Investment Management Inc. grew its holdings in shares of EQT by 65.5% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 570 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Up 0.8 %

Shares of EQT stock opened at $33.53 on Thursday. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $45.23. The firm has a market cap of $14.81 billion, a PE ratio of 24.30 and a beta of 1.06. The business’s fifty day moving average is $33.38 and its two-hundred day moving average is $36.48. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.12. The business had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS. Analysts anticipate that EQT Co. will post 1.44 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 7th. EQT’s dividend payout ratio (DPR) is currently 45.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EQT. Mizuho lowered their price target on EQT from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. UBS Group lowered their target price on EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Piper Sandler cut EQT from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $32.00 in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, EQT has an average rating of “Hold” and an average price target of $43.28.

EQT Company 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.