Bard Financial Services Inc. Invests $878,000 in EQT Co. (NYSE:EQT)

Bard Financial Services Inc. bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,960 shares of the oil and gas producer's stock, valued at approximately $878,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EQT. Davis Investment Partners LLC raised its position in shares of EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer's stock valued at $1,137,000 after acquiring an additional 317 shares during the period. J.W. Cole Advisors Inc. raised its holdings in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer's stock worth $224,000 after purchasing an additional 421 shares during the period. SeaBridge Investment Advisors LLC boosted its position in shares of EQT by 1.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer's stock worth $1,139,000 after purchasing an additional 431 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of EQT by 8.4% in the 2nd quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer's stock valued at $233,000 after buying an additional 486 shares during the period. Finally, Financial Avengers Inc. increased its position in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 504 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 0.5 %

Shares of NYSE:EQT traded up $0.21 during midday trading on Thursday, hitting $45.79. The stock had a trading volume of 2,582,340 shares, compared to its average volume of 7,147,386. 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 business's 50-day simple moving average is $40.66 and its 200-day simple moving average is $37.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a market cap of $27.32 billion, a P/E ratio of 54.26 and a beta of 1.14.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data 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%. EQT's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, sell-side analysts forecast that EQT Co. will post 1.36 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were given a $0.1575 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.38%. EQT's payout ratio is 75.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on EQT from $42.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Piper Sandler increased their target price on EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Sanford C. Bernstein began coverage on shares of EQT in a research note on Friday, December 6th. They issued a "market perform" rating and a $50.00 price target on the stock. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, EQT presently has a consensus rating of "Hold" and a consensus price target of $46.11.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by corporate insiders.

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.