EQT Co. (EQT) Shares Bought by Precocity Capital LP
Precocity Capital LP boosted its holdings in EQT Co. (NYSE:EQT) by 157.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 450,000 shares of the oil and gas producer’s stock after purchasing an additional 275,000 shares during the quarter. EQT accounts for about 5.3% of Precocity Capital LP’s portfolio, making the stock its 3rd largest holding. Precocity Capital LP’s holdings in EQT were worth $25,614,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Share Andrew L. bought a new stake in shares of EQT during the 4th quarter valued at approximately $580,007,000. BlackRock Inc. grew its holdings in shares of EQT by 29.7% during the 4th quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock valued at $1,059,671,000 after purchasing an additional 4,265,536 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of EQT by 27.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 3,797,012 shares of the oil and gas producer’s stock valued at $216,126,000 after purchasing an additional 820,493 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of EQT by 44.1% during the 4th quarter. Geode Capital Management LLC now owns 2,555,286 shares of the oil and gas producer’s stock valued at $145,137,000 after purchasing an additional 782,352 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of EQT by 1,080.2% during the 4th quarter. Toronto Dominion Bank now owns 775,927 shares of the oil and gas producer’s stock valued at $44,166,000 after purchasing an additional 710,182 shares during the last quarter. Institutional investors own 90.87% of the company’s stock.
Shares of EQT Co. (NYSE EQT) opened at $50.32 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94. EQT Co. has a 12 month low of $43.70 and a 12 month high of $67.84. The company has a market cap of $13,308.28, a price-to-earnings ratio of 7.04, a PEG ratio of 1.95 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Tuesday, February 13th. EQT’s dividend payout ratio is currently 1.68%.
Several equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $67.00 price target (up from $64.00) on shares of EQT in a report on Wednesday, February 21st. Wolfe Research raised shares of EQT from a “peer perform” rating to an “outperform” rating in a report on Wednesday, February 14th. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $45.73 to $77.00 in a report on Monday, February 12th. They noted that the move was a valuation call. ValuEngine lowered shares of EQT from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Jefferies Group set a $65.00 target price on shares of EQT and gave the stock a “hold” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. EQT currently has an average rating of “Buy” and a consensus target price of $77.38.
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EQT 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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