Aristides Capital LLC Has $714,000 Stock Holdings in EQT Co. (NYSE:EQT)

Aristides Capital LLC lowered its holdings in shares of EQT Co. (NYSE:EQT) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,490 shares of the oil and gas producer’s stock after selling 2,030 shares during the period. Aristides Capital LLC’s holdings in EQT were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EQT. FMR LLC increased its stake in shares of EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Benjamin Edwards Inc. increased its stake in EQT by 32,157.1% in the third quarter. Benjamin Edwards Inc. now owns 6,774 shares of the oil and gas producer’s stock valued at $248,000 after purchasing an additional 6,753 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of EQT by 0.3% during the 3rd quarter. HighTower Advisors LLC now owns 431,780 shares of the oil and gas producer’s stock worth $15,823,000 after purchasing an additional 1,436 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of EQT by 162.2% in the 3rd quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer’s stock valued at $1,775,000 after buying an additional 29,949 shares during the period. Finally, Investment Management Corp of Ontario increased its position in EQT by 104.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 18,770 shares of the oil and gas producer’s stock valued at $688,000 after buying an additional 9,600 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

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

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

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

Wall Street Analyst Weigh In

EQT has been the topic of several recent research reports. Citigroup increased their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Jefferies Financial Group lifted their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Mizuho raised their price objective on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Piper Sandler boosted their target price on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.28.

EQT 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.