Callahan Advisors LLC Sells 48,612 Shares of EQT Co. (NYSE:EQT)

Callahan Advisors LLC reduced its position in EQT Co. (NYSE:EQT - Free Report) by 12.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,202 shares of the oil and gas producer's stock after selling 48,612 shares during the period. Callahan Advisors LLC owned 0.07% of EQT worth $12,062,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EQT. HM Payson & Co. purchased a new stake in EQT in the 3rd quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in EQT in the second quarter worth about $28,000. Hexagon Capital Partners LLC raised its holdings in shares of EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock worth $33,000 after buying an additional 904 shares during the last quarter. Blue Trust Inc. lifted its position in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 598 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer's stock valued at $37,000 after purchasing an additional 908 shares during the period. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 7.7 %

EQT stock traded up $2.88 during trading hours on Wednesday, reaching $40.26. 10,757,099 shares of the stock were exchanged, compared to its average volume of 7,046,082. The firm's 50-day moving average is $35.41 and its 200-day moving average is $36.62. EQT Co. has a 12 month low of $30.02 and a 12 month high of $42.44. 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 company has a market cap of $17.78 billion, a price-to-earnings ratio of 44.69 and a beta of 1.06.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts expect that EQT Co. will post 1.42 earnings per share for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.56%. EQT's payout ratio is 75.00%.

Wall Street Analyst Weigh In

EQT has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of EQT from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, September 26th. Scotiabank increased their price objective on shares of EQT from $54.00 to $55.00 and gave the company a "sector outperform" rating in a research report on Friday, July 12th. Truist Financial lowered their target price on shares of EQT from $36.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, July 22nd. Piper Sandler boosted their target price on EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday. Finally, UBS Group boosted their price objective on shares of EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

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.