Gulf International Bank UK Ltd Sells 396 Shares of EQT Co. (NYSE:EQT)

Gulf International Bank UK Ltd reduced its holdings in shares of EQT Co. (NYSE:EQT) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,728 shares of the oil and gas producer’s stock after selling 396 shares during the quarter. Gulf International Bank UK Ltd’s holdings in EQT were worth $2,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HM Payson & Co. bought a new position in shares of EQT during the 3rd quarter worth approximately $25,000. Truvestments Capital LLC bought a new position in shares of EQT during the 3rd quarter worth approximately $30,000. Quarry LP boosted its stake in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in EQT during the 3rd quarter worth approximately $36,000. Finally, Financial Avengers Inc. lifted its holdings in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQT. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Truist Financial lifted their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Piper Sandler lifted their price target on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com raised EQT to a “sell” rating in a report on Saturday, February 8th. Finally, UBS Group lifted their price target on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.39.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the transaction, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is owned by insiders.

EQT Price Performance

EQT stock opened at $48.25 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market capitalization of $28.82 billion, a P/E ratio of 120.62, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock has a fifty day moving average of $50.16 and a 200-day moving average of $42.32.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.31%. EQT’s dividend payout ratio (DPR) is currently 157.50%.

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.