Goehring & Rozencwajg Associates LLC Decreases Stock Position in EQT Co. (NYSE:EQT)

Goehring & Rozencwajg Associates LLC lessened its stake in EQT Co. (NYSE:EQT) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 592,417 shares of the oil and gas producer’s stock after selling 14,323 shares during the quarter. EQT accounts for about 5.1% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 4th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in EQT were worth $25,201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. HM Payson & Co. bought a new position in shares of EQT in the 3rd quarter valued at about $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the 3rd quarter valued at approximately $30,000. Quarry LP boosted its position in shares of 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 purchasing an additional 578 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 904 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in EQT during the 3rd quarter worth approximately $36,000. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQT. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a report on Monday, January 6th. StockNews.com raised EQT to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. increased their price target on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Finally, Sanford C. Bernstein raised 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.63% of the stock is owned by corporate insiders.

EQT Stock Performance

Shares of EQT stock opened at $51.11 on Friday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The company has a market capitalization of $30.50 billion, a price-to-earnings ratio of 60.84, a PEG ratio of 0.62 and a beta of 1.08. The company has a 50-day simple moving average of $47.85 and a 200 day simple moving average of $40.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is 75.00%.

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.