Oxbow Advisors LLC Sells 933 Shares of EQT Co. (NYSE:EQT)

Oxbow Advisors LLC lessened its holdings in shares of EQT Co. (NYSE:EQT) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,258 shares of the oil and gas producer’s stock after selling 933 shares during the period. Oxbow Advisors LLC’s holdings in EQT were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EQT. Creative Planning lifted its stake in EQT by 92.6% in the 3rd quarter. Creative Planning now owns 99,480 shares of the oil and gas producer’s stock valued at $3,645,000 after acquiring an additional 47,825 shares in the last quarter. Blue Trust Inc. lifted its stake in EQT by 168.9% in the 3rd quarter. Blue Trust Inc. now owns 2,684 shares of the oil and gas producer’s stock valued at $99,000 after acquiring an additional 1,686 shares in the last quarter. Signaturefd LLC lifted its stake in EQT by 87.2% in the 3rd quarter. Signaturefd LLC now owns 9,012 shares of the oil and gas producer’s stock valued at $330,000 after acquiring an additional 4,198 shares in the last quarter. Private Advisor Group LLC lifted its stake in EQT by 14.0% in the 3rd quarter. Private Advisor Group LLC now owns 14,234 shares of the oil and gas producer’s stock valued at $522,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in EQT by 11.3% in the 3rd quarter. Greenleaf Trust now owns 19,128 shares of the oil and gas producer’s stock valued at $701,000 after acquiring an additional 1,939 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Down 4.6 %

EQT stock opened at $50.15 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $29.96 billion, a PE ratio of 125.37, a PEG ratio of 0.64 and a beta of 1.08. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The business’s 50 day simple moving average is $49.67 and its 200 day simple moving average is $41.72.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, research analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, February 18th. EQT’s dividend payout ratio is 157.50%.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EQT. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $55.00 to $54.00 in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. UBS Group upped their price objective on EQT from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Two research 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 data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and an average price target of $52.17.

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.