37,010 Shares in EQT Corporation $EQT Bought by Hodges Capital Management Inc.

Key Points

• Hodges Capital Management Inc. acquired a new stake in EQT Corporation, purchasing 37,010 shares valued at approximately $1.98 million.
• Recent insider trading included Sarah Fenton, EVP, selling 12,438 shares, resulting in a 48.33% decrease in her position, while Vicky A. Bailey, a director, sold 4,259 shares.
• EQT Corporation reported a quarterly earnings miss, with earnings per share at $0.45, trailing behind analysts' expectations of $0.52.

Hodges Capital Management Inc. acquired a new position in EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,010 shares of the oil and gas producer's stock, valued at approximately $1,977,000.

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of EQT by 14.1% in the 1st quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock worth $85,000 after acquiring an additional 196 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of EQT by 2.6% in the 1st quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock worth $416,000 after acquiring an additional 207 shares during the last quarter. Generali Investments Management Co LLC lifted its holdings in shares of EQT by 14.1% in the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 211 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in EQT by 3.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after buying an additional 219 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 226 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EQT. Mizuho upgraded shares of EQT to an "outperform" rating and set a $66.00 price objective for the company in a report on Tuesday, July 8th. Roth Capital lowered shares of EQT from a "strong-buy" rating to a "neutral" rating and decreased their price objective for the company from $75.00 to $57.00 in a report on Monday, August 18th. Piper Sandler lifted their price objective on shares of EQT from $48.00 to $49.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Melius began coverage on shares of EQT in a report on Wednesday, August 20th. They set a "buy" rating and a $64.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of EQT from $64.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.14.

EQT Stock Down 1.8%

Shares of NYSE EQT traded down $0.90 during trading hours on Monday, hitting $50.04. 5,335,604 shares of the stock were exchanged, compared to its average volume of 5,904,740. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.32. The company has a market cap of $31.23 billion, a PE ratio of 27.05, a PEG ratio of 0.41 and a beta of 0.58. The firm has a fifty day moving average price of $52.82 and a 200-day moving average price of $53.14. EQT Corporation has a 12 month low of $32.88 and a 12 month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.78 billion. EQT had a return on equity of 6.24% and a net margin of 15.87%.During the same quarter last year, the firm earned ($0.08) EPS. On average, sell-side analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 6th. EQT's payout ratio is currently 34.05%.

Insider Activity at EQT

In other news, EVP Sarah Fenton sold 12,438 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $51.94, for a total value of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company's stock, valued at $690,646.18. This represents a 48.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vicky A. Bailey sold 4,259 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $51.56, for a total transaction of $219,594.04. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

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.