Chesapeake Capital Corp IL Invests $456,000 in EQT Co. (NYSE:EQT)

Chesapeake Capital Corp IL purchased a new position in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,895 shares of the oil and gas producer’s stock, valued at approximately $456,000.

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

EQT Trading Up 1.7 %

EQT stock opened at $52.55 on Wednesday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 company’s 50-day simple moving average is $50.98 and its 200 day simple moving average is $43.85. The company has a market capitalization of $31.40 billion, a PE ratio of 131.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

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

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is presently 157.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EQT. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley raised their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Finally, UBS Group upped their target price on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.22.

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.