EQT Co. (NYSE:EQT) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its stake in EQT Co. (NYSE:EQT) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,646 shares of the oil and gas producer’s stock after purchasing an additional 926 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in EQT were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in EQT during the 1st quarter valued at about $418,000. Oppenheimer & Co. Inc. purchased a new position in shares of EQT in the first quarter valued at approximately $214,000. Avantax Advisory Services Inc. grew its holdings in shares of EQT by 19.2% in the first quarter. Avantax Advisory Services Inc. now owns 7,284 shares of the oil and gas producer’s stock valued at $270,000 after purchasing an additional 1,172 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in EQT by 25.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,818 shares of the oil and gas producer’s stock worth $661,000 after buying an additional 3,636 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in EQT by 80.1% during the 1st quarter. Intech Investment Management LLC now owns 28,949 shares of the oil and gas producer’s stock worth $1,073,000 after buying an additional 12,871 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EQT. Piper Sandler boosted their price target on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley restated an “overweight” rating and set a $45.00 price target on shares of EQT in a report on Friday, September 13th. BMO Capital Markets lifted their price objective on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Truist Financial cut their target price on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group lifted their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.83.

EQT Trading Down 0.3 %

Shares of EQT stock opened at $42.71 on Friday. 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 business’s 50 day moving average is $36.91 and its two-hundred day moving average is $36.81. The company has a market cap of $25.48 billion, a PE ratio of 50.85 and a beta of 1.06. EQT Co. has a 12 month low of $30.02 and a 12 month high of $44.28.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. Equities analysts predict that EQT Co. will post 1.28 EPS for the current 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 paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. 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.