Symmetry Investments LP Invests $1.94 Million in EQT Co. (NYSE:EQT)

Symmetry Investments LP bought a new stake in shares of EQT Co. (NYSE:EQT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 52,541 shares of the oil and gas producer’s stock, valued at approximately $1,943,000.

A number of other large investors also recently added to or reduced their stakes in EQT. Park Avenue Securities LLC increased its stake in EQT by 3.8% during the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after acquiring an additional 300 shares during the last quarter. Czech National Bank lifted its position in EQT by 0.5% in the first quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock worth $2,683,000 after buying an additional 332 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in EQT by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after buying an additional 336 shares during the last quarter. Hancock Whitney Corp boosted its stake in EQT by 3.0% during the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 419 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its position in EQT by 1.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 30,361 shares of the oil and gas producer’s stock valued at $1,125,000 after acquiring an additional 428 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

EQT opened at $34.83 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $15.38 billion, a PE ratio of 25.24 and a beta of 1.06. The business’s 50-day moving average is $33.28 and its two-hundred day moving average is $36.45. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23.

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

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.1575 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 annualized dividend and a yield of 1.81%. EQT’s payout ratio is presently 45.65%.

Wall Street Analyst Weigh In

EQT has been the subject of a number of recent analyst reports. StockNews.com raised shares of EQT to a “sell” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their target price on EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Citigroup reiterated a “neutral” rating and issued a $37.00 price target on shares of EQT in a report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price objective on EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Finally, Mizuho reduced their target price on EQT from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.28.

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.