Capital Advisors Inc. OK Sells 857,282 Shares of EQT Corporation $EQT

Capital Advisors Inc. OK decreased its holdings in EQT Corporation (NYSE:EQT) by 99.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,931 shares of the oil and gas producer’s stock after selling 857,282 shares during the quarter. Capital Advisors Inc. OK’s holdings in EQT were worth $369,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. bought a new position in shares of EQT in the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in shares of EQT during the 2nd quarter valued at $26,000. Wedbush Fund Advisers LLC lifted its stake in shares of EQT by 251.8% during the 2nd quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 413 shares in the last quarter. Gables Capital Management Inc. bought a new position in EQT in the 2nd quarter worth $37,000. Finally, Root Financial Partners LLC increased its stake in EQT by 35.4% in 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. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EQT shares. Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a report on Thursday. Barclays dropped their price objective on EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Weiss Ratings cut EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Wall Street Zen downgraded EQT from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Stephens boosted their price target on EQT from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.10.

Insider Activity at EQT

In other news, CEO Toby Z. Rice sold 175,328 shares of the business’s stock in a transaction dated 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. The trade was a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, 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 Stock Down 0.0%

NYSE EQT opened at $54.56 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $34.13 billion, a P/E ratio of 12.66 and a beta of 0.58. EQT Corporation has a one year low of $47.94 and a one year high of $68.24. The stock has a 50 day moving average price of $52.33 and a 200-day moving average price of $56.41.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The company’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. As a group, equities analysts predict that EQT Corporation will post 3.96 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be paid 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 of this dividend is Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is presently 15.31%.

About EQT

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.