Financial Avengers Inc. Has $37,000 Stock Holdings in EQT Co. (NYSE:EQT)

Financial Avengers Inc. increased its holdings in EQT Co. (NYSE:EQT) by 100.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,004 shares of the oil and gas producer’s stock after purchasing an additional 504 shares during the period. Financial Avengers Inc.’s holdings in EQT were worth $37,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EQT. HM Payson & Co. bought a new stake in EQT during the third quarter worth about $25,000. Innealta Capital LLC bought a new stake in EQT during the second quarter worth about $28,000. Truvestments Capital LLC bought a new stake in EQT during the third quarter worth about $30,000. Hexagon Capital Partners LLC grew its stake in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 904 shares during the last quarter. Finally, Quarry LP grew its stake 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 during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Citigroup upped their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. UBS Group increased their price target on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Bank of America began coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.11.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction 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 in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

EQT Price Performance

Shares of EQT stock opened at $43.06 on Wednesday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $48.02. The stock has a market cap of $25.69 billion, a PE ratio of 51.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm’s 50 day moving average price is $40.35 and its two-hundred day moving average price is $37.29.

EQT (NYSE:EQT) last posted its 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. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. As a group, analysts forecast that EQT Co. will post 1.36 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.46%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

About EQT

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.