Callan Family Office LLC Purchases New Position in EQT Co. (NYSE:EQT)

Callan Family Office LLC purchased a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,372 shares of the oil and gas producer's stock, valued at approximately $801,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of EQT in the third quarter valued at approximately $30,000. Quarry LP increased 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 acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. bought a new position in EQT during the third quarter worth about $36,000. Financial Avengers Inc. grew its stake 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 in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after buying an additional 193 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of EQT from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. StockNews.com upgraded shares of EQT to a "sell" rating in a research note on Saturday, February 8th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Morgan Stanley lifted their price objective on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.44.

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EQT Price Performance

EQT traded up $0.80 during midday trading on Friday, hitting $46.96. The stock had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. The company has a market cap of $28.06 billion, a P/E ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The business has a fifty day moving average of $50.58 and a 200 day moving average of $42.96. 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 1 year low of $30.02 and a 1 year high of $56.66.

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, topping the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.34%. EQT's dividend payout ratio (DPR) is presently 157.50%.

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.