75,388 Shares in EQT Corporation $EQT Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of EQT Corporation (NYSE:EQT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,388 shares of the oil and gas producer’s stock, valued at approximately $4,008,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQT. Greykasell Wealth Strategies Inc. bought a new stake in shares of EQT during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in EQT in the 2nd quarter worth approximately $26,000. Gables Capital Management Inc. acquired a new position in EQT during the 2nd quarter worth $37,000. Root Financial Partners LLC lifted its holdings in EQT by 35.4% during the 1st 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 bought a new position in EQT in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In related news, CEO Toby Z. Rice sold 175,328 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at $118,747,310.95. This trade represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 274,042 shares of company stock valued at $15,005,076. Company insiders own 0.72% of the company’s stock.

EQT Trading Up 0.4%

NYSE EQT opened at $54.00 on Wednesday. The stock has a 50-day simple moving average of $52.10 and a 200 day simple moving average of $56.44. The company has a market capitalization of $33.78 billion, a PE ratio of 12.53 and a beta of 0.58. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT Corporation has a 12 month low of $47.94 and a 12 month high of $68.24.

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

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is currently 15.31%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. UBS Group cut their price target on EQT from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Freedom Capital upgraded EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Wall Street Zen lowered EQT from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Citigroup dropped their price objective on EQT from $70.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $68.10.

EQT Profile

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.