Westhampton Capital LLC Takes $217,000 Position in EQT Co. (NYSE:EQT)

Westhampton Capital LLC purchased a new position in EQT Co. (NYSE:EQT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,700 shares of the oil and gas producer’s stock, valued at approximately $217,000.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of EQT by 6.2% during the second quarter. Thrivent Financial for Lutherans now owns 17,817 shares of the oil and gas producer’s stock valued at $659,000 after purchasing an additional 1,044 shares during the last quarter. Creative Planning grew its stake in shares of EQT by 12.0% in the second quarter. Creative Planning now owns 51,655 shares of the oil and gas producer’s stock worth $1,910,000 after acquiring an additional 5,542 shares during the last quarter. Truist Financial Corp increased its holdings in shares of EQT by 18.0% during the second quarter. Truist Financial Corp now owns 21,399 shares of the oil and gas producer’s stock valued at $791,000 after acquiring an additional 3,261 shares in the last quarter. Cetera Investment Advisers raised its position in shares of EQT by 5.8% in the 2nd quarter. Cetera Investment Advisers now owns 64,870 shares of the oil and gas producer’s stock worth $2,399,000 after purchasing an additional 3,536 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in EQT in the 2nd quarter worth about $67,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Up 1.6 %

NYSE EQT opened at $50.68 on Thursday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $30.24 billion, a P/E ratio of 60.34 and a beta of 1.12. The stock’s 50-day moving average price is $47.04 and its 200-day moving average price is $39.55.

EQT (NYSE:EQT) last issued its quarterly 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that EQT Co. will post 1.42 earnings per share for the current year.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the 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 completion of the sale, the director now owns 201,608 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America initiated coverage on shares of EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. JPMorgan Chase & Co. increased their target price on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. UBS Group lifted their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Company 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.