Cibc World Markets Corp Acquires 193,288 Shares of EQT Co. (NYSE:EQT)

Cibc World Markets Corp lifted its holdings in shares of EQT Co. (NYSE:EQT) by 244.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,221 shares of the oil and gas producer’s stock after purchasing an additional 193,288 shares during the quarter. Cibc World Markets Corp’s holdings in EQT were worth $12,552,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EQT. Truvestments Capital LLC bought a new position in shares of EQT in the 3rd quarter worth $30,000. Quarry LP increased its stake in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in EQT during the third quarter worth about $36,000. Finally, Financial Avengers Inc. boosted its holdings in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Up 1.7 %

Shares of EQT stock opened at $51.57 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12-month low of $30.02 and a 12-month high of $56.66. The company has a market cap of $30.81 billion, a P/E ratio of 128.93, a PEG ratio of 0.64 and a beta of 1.12. The company’s fifty day simple moving average is $50.90 and its two-hundred day simple moving average is $43.72.

EQT (NYSE:EQT) last announced its quarterly earnings results 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 company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.22%. EQT’s dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

EQT has been the subject of a number of recent research reports. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Morgan Stanley increased their target price on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $53.06.

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.