Summit Trail Advisors LLC Sells 220 Shares of EQT Co. (NYSE:EQT)

Summit Trail Advisors LLC cut its holdings in EQT Co. (NYSE:EQT) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,496 shares of the oil and gas producer’s stock after selling 220 shares during the period. Summit Trail Advisors LLC’s holdings in EQT were worth $300,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HM Payson & Co. bought a new position in EQT in the 3rd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter worth $30,000. Quarry LP increased its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. acquired a new position in EQT during the 3rd quarter valued at $36,000. Finally, Financial Avengers Inc. boosted its holdings in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Trading Down 2.6 %

Shares of EQT stock opened at $52.36 on Thursday. The company has a market capitalization of $31.24 billion, a P/E ratio of 62.33, a P/E/G ratio of 0.62 and a beta of 1.08. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $48.32 and a 200 day moving average price of $40.73.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 18th. EQT’s payout ratio is currently 75.00%.

Wall Street Analyst Weigh In

EQT has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of EQT from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday. Bank of America assumed coverage on EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their target price on EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.22.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated 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 completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is owned by corporate insiders.

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.