Sanctuary Advisors LLC Grows Stock Holdings in EQT Co. (NYSE:EQT)

Sanctuary Advisors LLC boosted its holdings in shares of EQT Co. (NYSE:EQT - Free Report) by 104.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,507 shares of the oil and gas producer's stock after buying an additional 32,484 shares during the period. Sanctuary Advisors LLC's holdings in EQT were worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. HM Payson & Co. bought a new stake in EQT in the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of EQT during the 2nd quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in shares of EQT during the 3rd quarter valued at about $30,000. Quarry LP boosted 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 buying an additional 578 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in 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 in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EQT. Stephens increased their target price on shares of EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Bank of America assumed coverage on EQT in a research note on Monday, October 28th. They issued a "buy" rating and a $50.00 target price for the company. Wells Fargo & Company raised their price target on EQT from $42.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. BMO Capital Markets increased their price objective on EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Finally, Citigroup lifted their target price on shares of EQT from $44.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.61.

EQT Stock Up 0.3 %

NYSE:EQT traded up $0.11 on Thursday, reaching $42.65. 6,921,385 shares of the stock traded hands, compared to its average volume of 7,154,320. The company's fifty day simple moving average is $41.41 and its 200 day simple moving average is $37.50. The company has a market capitalization of $25.45 billion, a price-to-earnings ratio of 50.77 and a beta of 1.14. EQT Co. has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. EQT's revenue was up 8.2% on a year-over-year basis. Equities analysts predict that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, November 6th. EQT's dividend payout ratio is presently 75.00%.

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.