Oppenheimer Asset Management Inc. Grows Stock Holdings in EQT Co. (NYSE:EQT)

Oppenheimer Asset Management Inc. grew its holdings in shares of EQT Co. (NYSE:EQT) by 15.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,738 shares of the oil and gas producer’s stock after purchasing an additional 2,863 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EQT were worth $1,002,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. State Street Corp lifted its holdings in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EQT by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after purchasing an additional 1,108,134 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock valued at $205,830,000 after purchasing an additional 3,454,741 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Citigroup boosted their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Saturday, February 8th. Finally, UBS Group boosted their price objective on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, EQT currently has a consensus rating of “Hold” and an average target price of $52.39.

EQT Price Performance

NYSE EQT opened at $50.01 on Wednesday. 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 business’s fifty day moving average is $50.37 and its 200 day moving average is $42.72. The company has a market capitalization of $29.88 billion, a PE ratio of 125.02, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66.

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

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.26%. EQT’s payout ratio is currently 157.50%.

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.