26,774 Shares in EQT Corporation $EQT Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in EQT Corporation (NYSE:EQT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,774 shares of the oil and gas producer’s stock, valued at approximately $1,424,000.

Other hedge funds have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. purchased a new stake in EQT during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of EQT during the 2nd quarter valued at approximately $26,000. Gables Capital Management Inc. purchased a new position in shares of EQT during the 2nd quarter valued at approximately $37,000. Root Financial Partners LLC grew its position in shares of EQT by 35.4% during the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after buying an additional 202 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of EQT during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQT. Zacks Research lowered shares of EQT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Barclays reduced their price objective on shares of EQT from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Truist Financial dropped their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Stephens boosted their target price on shares of EQT from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

Insider Buying and Selling at EQT

In other EQT news, CEO Toby Z. Rice sold 175,328 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 274,042 shares of company stock worth $15,005,076 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

EQT Price Performance

Shares of NYSE EQT opened at $53.74 on Monday. EQT Corporation has a twelve month low of $47.94 and a twelve month high of $68.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $33.62 billion, a price-to-earnings ratio of 12.47 and a beta of 0.58. The business has a 50 day simple moving average of $51.99 and a 200-day simple moving average of $56.46.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue was down 29.2% on a year-over-year basis. As a group, equities research analysts expect that EQT Corporation will post 3.97 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 annualized dividend and a yield of 1.2%. EQT’s payout ratio is presently 15.31%.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.