Anomaly Capital Management LP Purchases Shares of 792,783 EQT Co. (NYSE:EQT)

Anomaly Capital Management LP acquired a new position in shares of EQT Co. (NYSE:EQT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 792,783 shares of the oil and gas producer’s stock, valued at approximately $29,317,000. EQT accounts for about 1.1% of Anomaly Capital Management LP’s portfolio, making the stock its 25th largest holding. Anomaly Capital Management LP owned approximately 0.18% of EQT as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC bought a new position in EQT during the second quarter worth about $28,000. Blue Trust Inc. raised 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 buying an additional 598 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the period. Industrial Alliance Investment Management Inc. boosted its stake in 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 valued at $53,000 after buying an additional 570 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in EQT in the first quarter valued at $54,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQT. Wolfe Research began coverage on shares of EQT in a report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 target price on the stock. Scotiabank lifted their price target on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. JPMorgan Chase & Co. lowered their price objective on shares of EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Citigroup reissued a “neutral” rating and set a $37.00 price target on shares of EQT in a research note on Friday, August 23rd. Finally, Stephens dropped their price objective on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.28.

EQT Trading Up 0.3 %

EQT opened at $34.83 on Monday. The stock has a market capitalization of $15.38 billion, a P/E ratio of 25.24 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The firm’s fifty day simple moving average is $33.28 and its 200 day simple moving average is $36.43.

EQT (NYSE:EQT) last issued 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 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 company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) earnings per share. As a group, research analysts anticipate 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 1.81%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

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.