Farther Finance Advisors LLC Sells 381 Shares of EQT Co. (NYSE:EQT)

Farther Finance Advisors LLC lessened its position in EQT Co. (NYSE:EQT) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,037 shares of the oil and gas producer’s stock after selling 381 shares during the period. Farther Finance Advisors LLC’s holdings in EQT were worth $148,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EQT. Capital Advisors Inc. OK bought a new position in EQT during the third quarter worth about $25,791,000. Stephens Inc. AR raised its holdings in EQT by 63.8% during the 3rd quarter. Stephens Inc. AR now owns 14,395 shares of the oil and gas producer’s stock worth $527,000 after buying an additional 5,608 shares during the period. Cigna Investments Inc. New acquired a new position in shares of EQT in the third quarter valued at approximately $218,000. US Bancorp DE increased its position in shares of EQT by 59.3% during the third quarter. US Bancorp DE now owns 35,174 shares of the oil and gas producer’s stock worth $1,289,000 after acquiring an additional 13,090 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of EQT during the third quarter worth $25,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. Bank of America began coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 price target on shares of EQT in a research note on Friday, September 13th. BMO Capital Markets increased their target price on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. UBS Group boosted their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Stephens raised their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Stock Performance

NYSE EQT opened at $41.22 on Monday. EQT Co. has a 12-month low of $30.02 and a 12-month high of $42.44. The firm has a 50-day moving average price of $35.86 and a two-hundred day moving average price of $36.68. The company has a market capitalization of $24.60 billion, a P/E ratio of 49.07 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 3.74% and a net margin of 5.52%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Analysts anticipate that EQT Co. will post 1.34 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. EQT’s dividend payout ratio is 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.