Farmers Trust Co. Decreases Stock Position in EQT Co. (NYSE:EQT)

Farmers Trust Co. trimmed its stake in shares of EQT Co. (NYSE:EQT) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,112 shares of the oil and gas producer’s stock after selling 1,939 shares during the quarter. Farmers Trust Co.’s holdings in EQT were worth $3,141,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI increased its position in shares of EQT by 33.6% in the 2nd quarter. National Bank of Canada FI now owns 121,231 shares of the oil and gas producer’s stock valued at $4,448,000 after purchasing an additional 30,492 shares during the last quarter. Victory Capital Management Inc. increased its holdings in EQT by 26.4% in the second quarter. Victory Capital Management Inc. now owns 233,196 shares of the oil and gas producer’s stock valued at $8,624,000 after buying an additional 48,741 shares during the last quarter. Candriam S.C.A. raised its stake in EQT by 9.7% in the second quarter. Candriam S.C.A. now owns 27,869 shares of the oil and gas producer’s stock valued at $1,031,000 after buying an additional 2,459 shares in the last quarter. Savant Capital LLC increased its holdings in shares of EQT by 940.4% in the 2nd quarter. Savant Capital LLC now owns 60,654 shares of the oil and gas producer’s stock valued at $2,243,000 after acquiring an additional 54,824 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in EQT by 8.4% in the second quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer’s stock valued at $233,000 after purchasing an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Price Performance

EQT traded up $0.46 on Wednesday, hitting $48.61. 4,947,384 shares of the company were exchanged, compared to its average volume of 6,962,468. The business’s fifty day moving average is $43.84 and its 200 day moving average is $38.04. The firm has a market capitalization of $29.00 billion, a P/E ratio of 57.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $49.20.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating 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 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 quarter in the prior year, the company earned $0.30 earnings per share. As a group, sell-side analysts anticipate that EQT Co. will post 1.37 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQT. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Sanford C. Bernstein began coverage on EQT in a report on Friday, December 6th. They issued a “market perform” rating and a $50.00 price objective for the company. BMO Capital Markets upped their price target on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Piper Sandler raised their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of EQT to a “sell” rating in a report on Monday, December 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Transactions at EQT

In other EQT 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 sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.63% of the company’s stock.

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.