Dynamic Capital Management Ltd acquired a new position in shares of EQT Co. (NYSE:EQT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,153 shares of the oil and gas producer’s stock, valued at approximately $255,000. EQT comprises about 1.3% of Dynamic Capital Management Ltd’s portfolio, making the stock its 29th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EQT. Municipal Employees Retirement System of Michigan boosted its stake in shares of EQT by 1.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 47,100 shares of the oil and gas producer’s stock worth $745,000 after buying an additional 720 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of EQT by 1.8% during the second quarter. Clear Harbor Asset Management LLC now owns 43,532 shares of the oil and gas producer’s stock worth $688,000 after purchasing an additional 760 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of EQT by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 103,288 shares of the oil and gas producer’s stock worth $1,633,000 after purchasing an additional 1,456 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of EQT during the second quarter worth about $25,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of EQT by 0.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 325,872 shares of the oil and gas producer’s stock worth $5,152,000 after purchasing an additional 1,682 shares during the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on EQT shares. Wells Fargo & Co raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, May 20th. Morgan Stanley reduced their price target on shares of EQT from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, July 26th. TD Securities reduced their price target on shares of EQT from $17.50 to $16.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, Macquarie started coverage on shares of EQT in a research report on Wednesday, May 29th. They set a “neutral” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.03.
EQT traded down $0.59 on Friday, hitting $11.70. 991,883 shares of the company’s stock were exchanged, compared to its average volume of 5,798,097. The firm has a market cap of $3.02 billion, a PE ratio of 6.88, a P/E/G ratio of 1.51 and a beta of 0.64. EQT Co. has a twelve month low of $9.71 and a twelve month high of $26.77. The stock has a fifty day moving average of $12.06 and a two-hundred day moving average of $17.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44.
EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.13. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The firm had revenue of $958.40 million for the quarter, compared to analyst estimates of $929.86 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. EQT’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that EQT Co. will post 0.78 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Friday, August 9th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. EQT’s payout ratio is currently 7.06%.
EQT Company Profile
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
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