5,363 Shares in EQT Co. (NYSE:EQT) Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. purchased a new position in EQT Co. (NYSE:EQT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,363 shares of the oil and gas producer’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of EQT by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 230,697 shares of the oil and gas producer’s stock valued at $8,531,000 after purchasing an additional 6,427 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in EQT by 25.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,046 shares of the oil and gas producer’s stock valued at $478,000 after buying an additional 2,463 shares in the last quarter. AE Wealth Management LLC purchased a new position in EQT during the 2nd quarter valued at approximately $230,000. Thrivent Financial for Lutherans raised its holdings in shares of EQT by 6.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 17,817 shares of the oil and gas producer’s stock worth $659,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Profund Advisors LLC increased its position in EQT by 17.2% in the second quarter. Profund Advisors LLC now owns 23,430 shares of the oil and gas producer’s stock worth $866,000 after purchasing an additional 3,441 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Stephens upped their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America initiated coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.89.

EQT Trading Down 0.1 %

EQT opened at $53.39 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’s fifty day moving average is $46.40 and its two-hundred day moving average is $39.13. The company has a market capitalization of $31.86 billion, a P/E ratio of 63.57 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT 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 in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

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.