EQT Co. (NYSE:EQT) Stock Holdings Increased by Crewe Advisors LLC

Crewe Advisors LLC grew its position in shares of EQT Co. (NYSE:EQT) by 63,661.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 75,238 shares of the oil and gas producer’s stock after buying an additional 75,120 shares during the quarter. Crewe Advisors LLC’s holdings in EQT were worth $2,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EQT. HM Payson & Co. bought a new position in EQT during the third quarter worth $25,000. Innealta Capital LLC bought a new position in shares of EQT in the 2nd quarter worth about $28,000. Hexagon Capital Partners LLC boosted its holdings in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the period. Wolff Wiese Magana LLC grew its position in shares of EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 908 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the subject of several recent research reports. BMO Capital Markets upped their target price on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. UBS Group upped their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Bank of America initiated coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Finally, Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Stock Performance

EQT opened at $45.92 on Friday. The business has a 50 day moving average price of $38.20 and a two-hundred day moving average price of $36.98. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $27.40 billion, a price-to-earnings ratio of 54.67 and a beta of 1.06. EQT Co. has a 1-year low of $30.02 and a 1-year high of $48.02.

EQT (NYSE:EQT) last announced 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. 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 analysts’ expectations of $1.35 billion. During the same quarter last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts predict that EQT Co. will post 1.35 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. EQT’s payout ratio is currently 75.00%.

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.