Bard Financial Services Inc. Sells 19,415 Shares of EQT Co. (NYSE:EQT)

Bard Financial Services Inc. decreased its stake in shares of EQT Co. (NYSE:EQT) by 81.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,545 shares of the oil and gas producer’s stock after selling 19,415 shares during the period. Bard Financial Services Inc.’s holdings in EQT were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EQT. HM Payson & Co. bought a new stake in EQT during the 3rd quarter valued at approximately $25,000. Truvestments Capital LLC purchased a new position in shares of EQT in the 3rd quarter valued at approximately $30,000. Hexagon Capital Partners LLC boosted its position in shares of 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 valued at $33,000 after purchasing an additional 904 shares in the last quarter. Quarry LP grew its stake in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in EQT in the third quarter worth $36,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

Shares of NYSE:EQT traded up $0.73 during midday trading on Monday, reaching $47.75. 3,366,998 shares of the company’s stock traded hands, compared to its average volume of 7,202,841. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a one year low of $30.02 and a one year high of $48.33. The company has a market cap of $28.49 billion, a price-to-earnings ratio of 56.85 and a beta of 1.12. The stock has a 50 day moving average of $43.42 and a 200 day moving average of $37.89.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Stephens boosted their price objective on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday. Citigroup lifted their target price on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Truist Financial boosted their price target on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

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.