Financial Sense Advisors Inc. Sells 924 Shares of EQT Co. (NYSE:EQT)

Financial Sense Advisors Inc. lessened its position in shares of EQT Co. (NYSE:EQT) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,594 shares of the oil and gas producer’s stock after selling 924 shares during the quarter. Financial Sense Advisors Inc.’s holdings in EQT were worth $430,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in EQT by 3.8% in the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after purchasing an additional 300 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of EQT by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock worth $559,000 after buying an additional 303 shares during the last quarter. Czech National Bank raised its position in shares of EQT by 0.5% during the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock valued at $2,683,000 after buying an additional 332 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of EQT by 4.7% in the 1st quarter. Fulton Bank N.A. now owns 10,370 shares of the oil and gas producer’s stock valued at $384,000 after acquiring an additional 465 shares during the last quarter. Finally, Connectus Wealth LLC grew its position in EQT by 2.3% in the fourth quarter. Connectus Wealth LLC now owns 23,188 shares of the oil and gas producer’s stock worth $896,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE:EQT opened at $37.04 on Thursday. The firm has a 50 day moving average of $39.78 and a 200 day moving average of $37.62. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 26.84 and a beta of 1.12. EQT Co. has a 52 week low of $32.07 and a 52 week high of $45.23.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $1.70 EPS. The business’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, sell-side analysts predict that EQT Co. will post 1.05 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, May 7th. EQT’s dividend payout ratio is currently 45.65%.

Insider Transactions at EQT

In related news, EVP William E. Jordan sold 35,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now owns 456,837 shares of the company’s stock, valued at $18,602,402.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP William E. Jordan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lesley Evancho sold 46,884 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Truist Financial lowered their price target on EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company cut shares of EQT from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $48.00 to $37.00 in a research report on Wednesday, April 17th. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Wednesday, May 29th. Finally, Mizuho upped their price target on shares of EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.24.

EQT Company 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.