Graham Capital Wealth Management LLC Buys Shares of 4,724 EQT Co. (NYSE:EQT)

Graham Capital Wealth Management LLC bought a new stake in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,724 shares of the oil and gas producer’s stock, valued at approximately $218,000.

A number of other hedge funds have also made changes to their positions in EQT. Thrivent Financial for Lutherans raised its holdings in shares of EQT by 6.2% during the second quarter. Thrivent Financial for Lutherans now owns 17,817 shares of the oil and gas producer’s stock valued at $659,000 after acquiring an additional 1,044 shares during the last quarter. Creative Planning raised its holdings in shares of EQT by 12.0% during the second quarter. Creative Planning now owns 51,655 shares of the oil and gas producer’s stock valued at $1,910,000 after acquiring an additional 5,542 shares during the last quarter. Truist Financial Corp grew its position in shares of EQT by 18.0% in the second quarter. Truist Financial Corp now owns 21,399 shares of the oil and gas producer’s stock valued at $791,000 after purchasing an additional 3,261 shares in the last quarter. Cetera Investment Advisers grew its position in shares of EQT by 5.8% in the second quarter. Cetera Investment Advisers now owns 64,870 shares of the oil and gas producer’s stock valued at $2,399,000 after purchasing an additional 3,536 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of EQT in the second quarter valued at approximately $1,260,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler upped their price target on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Stephens upped their price target on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Trading Down 1.2 %

EQT opened at $51.03 on Monday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85. The business has a fifty day simple moving average of $47.32 and a 200-day simple moving average of $39.87. The firm has a market cap of $30.45 billion, a P/E ratio of 60.75, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

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.