Dimensional Fund Advisors LP Purchases 4,940 Shares of EQT Corporation (EQT)
Dimensional Fund Advisors LP boosted its position in EQT Corporation (NYSE:EQT) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 370,215 shares of the oil and gas producer’s stock after buying an additional 4,940 shares during the period. Dimensional Fund Advisors LP’s holdings in EQT Corporation were worth $22,618,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake in EQT Corporation by 4.3% in the fourth quarter. Macquarie Group Ltd. now owns 100,030 shares of the oil and gas producer’s stock worth $6,542,000 after buying an additional 4,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in EQT Corporation by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 150,422 shares of the oil and gas producer’s stock worth $9,190,000 after buying an additional 5,063 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in EQT Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 54,060 shares of the oil and gas producer’s stock worth $3,303,000 after buying an additional 800 shares in the last quarter. National Pension Service increased its stake in EQT Corporation by 22.2% in the first quarter. National Pension Service now owns 176,579 shares of the oil and gas producer’s stock worth $10,715,000 after buying an additional 32,069 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in EQT Corporation by 20.6% in the first quarter. DnB Asset Management AS now owns 18,755 shares of the oil and gas producer’s stock worth $1,146,000 after buying an additional 3,200 shares in the last quarter. 90.45% of the stock is owned by institutional investors and hedge funds.
EQT Corporation (NYSE:EQT) traded down 0.33% during midday trading on Wednesday, reaching $62.54. The company had a trading volume of 718,954 shares. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The company has a market capitalization of $10.84 billion, a price-to-earnings ratio of 2233.57 and a beta of 0.77. The firm has a 50-day moving average price of $60.28 and a 200-day moving average price of $59.89.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The business had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. During the same quarter in the prior year, the business posted ($0.35) EPS. EQT Corporation’s revenue for the quarter was up 720.1% compared to the same quarter last year. Analysts expect that EQT Corporation will post $0.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. EQT Corporation’s payout ratio is presently 400.13%.
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A number of analysts have issued reports on EQT shares. Scotiabank set a $82.00 target price on EQT Corporation and gave the stock a “hold” rating in a research report on Saturday, April 22nd. Royal Bank Of Canada set a $86.00 target price on EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Jefferies Group LLC set a $66.00 target price on EQT Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up from $63.00) on shares of EQT Corporation in a research report on Tuesday, May 2nd. Finally, ValuEngine downgraded EQT Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $80.38.
In other EQT Corporation news, insider David E. Jr. Schlosser purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was acquired at an average price of $50.96 per share, for a total transaction of $509,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A. Bray Jr. Cary purchased 28,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price of $53.55 per share, with a total value of $1,499,400.00. Following the purchase, the director now directly owns 22,627 shares in the company, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. Insiders acquired a total of 41,901 shares of company stock valued at $2,211,775 in the last quarter. 1.00% of the stock is currently owned by company insiders.
EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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