EQT Co. (NYSE:EQT) Shares Bought by Callahan Advisors LLC

Callahan Advisors LLC increased its position in shares of EQT Co. (NYSE:EQT - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,946 shares of the oil and gas producer's stock after purchasing an additional 6,744 shares during the period. EQT makes up approximately 1.5% of Callahan Advisors LLC's portfolio, making the stock its 23rd largest position. Callahan Advisors LLC owned about 0.06% of EQT worth $15,490,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EQT. HM Payson & Co. acquired a new position in EQT during the third quarter worth about $25,000. Truvestments Capital LLC acquired a new position in EQT during the third quarter worth about $30,000. Quarry LP grew its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new position in EQT during the third quarter worth about $36,000. Finally, Financial Avengers Inc. grew its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after buying an additional 504 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas F. Karam sold 30,154 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares of the company's stock, 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 is available at this link. Insiders own 0.63% of the company's stock.

EQT Trading Down 4.6 %

NYSE:EQT traded down $2.42 during trading hours on Friday, reaching $50.15. 13,788,858 shares of the company were exchanged, compared to its average volume of 8,422,005. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $29.92 billion, a price-to-earnings ratio of 125.37, a PEG ratio of 0.66 and a beta of 1.08. EQT Co. has a 52-week low of $30.02 and a 52-week high of $56.66. The stock has a 50 day simple moving average of $49.57 and a 200 day simple moving average of $41.58.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.82%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's dividend payout ratio is presently 157.50%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of EQT from $44.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Bank of America assumed coverage on shares of EQT in a research report on Monday, October 28th. They issued a "buy" rating and a $50.00 price target on the stock. StockNews.com upgraded shares of EQT to a "sell" rating in a research report on Saturday, February 8th. Finally, UBS Group increased their price target on shares of EQT from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.17.

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.