EQT Co. (NYSE:EQT) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its holdings in EQT Co. (NYSE:EQT) by 70.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 149,951 shares of the oil and gas producer’s stock after selling 350,735 shares during the period. ExodusPoint Capital Management LP’s holdings in EQT were worth $6,914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EQT. Motley Fool Asset Management LLC raised its holdings in EQT by 7.9% in the fourth quarter. Motley Fool Asset Management LLC now owns 8,788 shares of the oil and gas producer’s stock valued at $405,000 after acquiring an additional 641 shares in the last quarter. Huntington National Bank raised its stake in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 224 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of EQT during the fourth quarter worth about $199,000. Geode Capital Management LLC grew its stake in EQT by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after purchasing an additional 429,733 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in EQT by 15.8% in the fourth quarter. National Bank of Canada FI now owns 279,249 shares of the oil and gas producer’s stock worth $12,876,000 after purchasing an additional 38,160 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on EQT. Mizuho increased their target price on EQT from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. UBS Group raised their price objective on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Finally, Truist Financial lifted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.28.

EQT Stock Performance

Shares of EQT opened at $46.02 on Friday. The firm has a market capitalization of $27.50 billion, a PE ratio of 115.06, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $51.25 and a 200 day moving average price of $45.59. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is presently 157.50%.

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.