Cromwell Holdings LLC Has $67,000 Holdings in EQT Co. (NYSE:EQT)

Cromwell Holdings LLC boosted its holdings in shares of EQT Co. (NYSE:EQT) by 54.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,838 shares of the oil and gas producer’s stock after buying an additional 645 shares during the quarter. Cromwell Holdings LLC’s holdings in EQT were worth $67,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of EQT in the 2nd quarter valued at approximately $28,000. Hexagon Capital Partners LLC grew its holdings in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the period. Blue Trust Inc. lifted its stake in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of EQT by 224.8% during the 3rd quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock worth $38,000 after buying an additional 717 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQT. Scotiabank upped their price target on shares of EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Citigroup raised EQT from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. UBS Group dropped their price target on EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. Finally, Piper Sandler lowered shares of EQT from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $32.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

EQT Trading Up 1.4 %

Shares of EQT opened at $37.48 on Friday. The stock has a 50 day simple moving average of $34.87 and a 200-day simple moving average of $36.61. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.55 billion, a PE ratio of 27.16 and a beta of 1.06. EQT Co. has a 1 year low of $30.02 and a 1 year high of $45.23.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts predict that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, November 6th. EQT’s payout ratio is 45.65%.

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.