Yaupon Capital Management LP Acquires Shares of 247,750 EQT Co. (NYSE:EQT)

Yaupon Capital Management LP bought a new stake in shares of EQT Co. (NYSE:EQT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 247,750 shares of the oil and gas producer’s stock, valued at approximately $4,680,000. EQT accounts for about 3.1% of Yaupon Capital Management LP’s holdings, making the stock its 17th largest holding. Yaupon Capital Management LP owned 0.10% of EQT as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EQT. BlackRock Inc. grew its stake in EQT by 30.4% in the fourth quarter. BlackRock Inc. now owns 23,893,102 shares of the oil and gas producer’s stock worth $451,340,000 after purchasing an additional 5,573,274 shares during the period. Castle Hook Partners LP purchased a new stake in shares of EQT in the fourth quarter worth $49,412,000. D. E. Shaw & Co. Inc. grew its stake in shares of EQT by 25.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 11,470,216 shares of the oil and gas producer’s stock worth $216,672,000 after acquiring an additional 2,358,301 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of EQT by 3,355.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,989,646 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 1,932,069 shares during the last quarter. Finally, Sound Shore Management Inc. CT grew its stake in shares of EQT by 38.9% in the fourth quarter. Sound Shore Management Inc. CT now owns 5,652,090 shares of the oil and gas producer’s stock worth $106,768,000 after acquiring an additional 1,581,641 shares during the last quarter. 96.49% of the stock is currently owned by hedge funds and other institutional investors.

NYSE EQT traded up $0.25 on Monday, reaching $21.58. 2,043,948 shares of the stock traded hands, compared to its average volume of 4,446,142. EQT Co. has a 12 month low of $16.29 and a 12 month high of $31.28. The firm has a market cap of $5.43 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.02). EQT had a negative net margin of 45.88% and a positive return on equity of 4.46%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. On average, research analysts expect that EQT Co. will post 1.38 earnings per share for the current year.

A number of research analysts have recently issued reports on EQT shares. Royal Bank of Canada downgraded EQT from an “outperform” rating to a “sector perform” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Jefferies Financial Group reissued a “hold” rating and issued a $21.00 target price on shares of EQT in a report on Tuesday, January 29th. Stifel Nicolaus set a $79.00 target price on EQT and gave the company a “buy” rating in a report on Thursday, December 20th. Credit Suisse Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of EQT in a research note on Tuesday, January 22nd. Finally, Morgan Stanley set a $10.00 price objective on EQT and gave the stock a “sell” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. EQT presently has a consensus rating of “Hold” and an average price target of $37.47.

In other EQT news, CEO Robert Joseph Mcnally bought 1,496 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average cost of $19.10 per share, for a total transaction of $28,573.60. Following the purchase, the chief executive officer now directly owns 180,245 shares in the company, valued at $3,442,679.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Joseph Smith purchased 16,800 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were purchased at an average price of $19.06 per share, for a total transaction of $320,208.00. Following the purchase, the senior vice president now owns 42,102 shares in the company, valued at approximately $802,464.12. The disclosure for this purchase can be found here. Insiders bought a total of 59,459 shares of company stock worth $1,177,466 over the last quarter. Company insiders own 0.68% of the company’s stock.

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EQT Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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