Sanctuary Advisors LLC Acquires 32,484 Shares of EQT Co. (NYSE:EQT)

Sanctuary Advisors LLC increased its holdings in EQT Co. (NYSE:EQT) by 104.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,507 shares of the oil and gas producer’s stock after acquiring an additional 32,484 shares during the quarter. Sanctuary Advisors LLC’s holdings in EQT were worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. HM Payson & Co. bought a new position in shares of EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in EQT during the second quarter valued at $28,000. Truvestments Capital LLC bought a new stake in EQT in the third quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of 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 worth $33,000 after acquiring an additional 904 shares during the last quarter. Finally, Quarry LP increased its holdings 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 valued at $33,000 after acquiring an additional 578 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EQT

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

EQT Price Performance

Shares of NYSE:EQT opened at $42.54 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $25.38 billion, a PE ratio of 50.64 and a beta of 1.14. The firm’s 50 day moving average price is $41.41 and its 200-day moving average price is $37.50. EQT Co. has a twelve month low of $30.02 and a twelve month high of $48.02.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.48%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of analyst reports. Sanford C. Bernstein started coverage on shares of EQT in a research note on Friday, December 6th. They issued a “market perform” rating and a $50.00 price target on the stock. Citigroup increased their price target on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Piper Sandler boosted their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. UBS Group increased their target price on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Bank of America started coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $46.61.

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.