Oppenheimer & Co. Inc. Has $3.70 Million Holdings in EQT Co. (NYSE:EQT)

Oppenheimer & Co. Inc. grew its holdings in EQT Co. (NYSE:EQT) by 203.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,126 shares of the oil and gas producer’s stock after acquiring an additional 53,739 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in EQT were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HM Payson & Co. bought a new stake in EQT in the 3rd quarter valued at $25,000. Truvestments Capital LLC bought a new stake in shares of EQT in the third quarter valued at about $30,000. Quarry LP grew its position 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 buying an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in EQT during the third quarter worth about $36,000. Finally, Financial Avengers Inc. increased its stake in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler raised their price objective on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial boosted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Finally, Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.39.

EQT Stock Up 3.5 %

NYSE EQT opened at $48.25 on Friday. The stock’s 50 day simple moving average is $50.16 and its 200 day simple moving average is $42.40. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The firm has a market cap of $28.82 billion, a PE ratio of 120.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping 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 company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, sell-side analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is presently 157.50%.

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.63% of the company’s stock.

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.