EQT Co. (NYSE:EQT) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its holdings in EQT Co. (NYSE:EQT) by 29.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 37,716 shares of the oil and gas producer’s stock after selling 15,422 shares during the period. Virtu Financial LLC’s holdings in EQT were worth $1,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. Price T Rowe Associates Inc. MD grew its holdings in shares of EQT by 22.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock worth $2,405,007,000 after purchasing an additional 11,993,729 shares during the period. Bank of New York Mellon Corp lifted its position in EQT by 27.9% in the first quarter. Bank of New York Mellon Corp now owns 19,883,694 shares of the oil and gas producer’s stock valued at $737,089,000 after buying an additional 4,339,407 shares during the last quarter. Vanguard Group Inc. boosted its stake in EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after buying an additional 3,942,802 shares during the period. Third Point LLC acquired a new stake in shares of EQT during the fourth quarter valued at about $75,387,000. Finally, Boston Partners raised its stake in shares of EQT by 33.7% in the 1st quarter. Boston Partners now owns 3,834,505 shares of the oil and gas producer’s stock valued at $142,178,000 after acquiring an additional 966,475 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Up 0.8 %

Shares of EQT stock opened at $33.53 on Thursday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The company has a 50 day moving average of $33.38 and a 200 day moving average of $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. The company has a market capitalization of $14.81 billion, a P/E ratio of 24.30 and a beta of 1.06.

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

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.88%. EQT’s payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price objective on shares of EQT in a research report on Friday, September 13th. Scotiabank lifted their price objective on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Stephens lowered their target price on EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Truist Financial cut their price target on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. One equities 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 company’s stock. According to data from MarketBeat, EQT presently has an average rating of “Hold” and an average target price 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.