Versant Capital Management Inc Has $95,000 Stock Holdings in EQT Co. (NYSE:EQT)

Versant Capital Management Inc grew its position in EQT Co. (NYSE:EQT) by 144.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,052 shares of the oil and gas producer’s stock after buying an additional 1,213 shares during the period. Versant Capital Management Inc’s holdings in EQT were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQT. Davis Investment Partners LLC increased its position in EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after purchasing an additional 317 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the last quarter. Ballentine Partners LLC lifted its holdings in EQT by 8.4% in the second quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer’s stock valued at $233,000 after buying an additional 486 shares during the period. Financial Avengers Inc. boosted its stake in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares during the last quarter. Finally, Quarry LP raised its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Price Performance

Shares of EQT opened at $47.02 on Friday. The company has a 50 day moving average of $43.42 and a 200-day moving average of $37.90. 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 stock has a market capitalization of $28.06 billion, a P/E ratio of 55.98 and a beta of 1.12. EQT Co. has a twelve month low of $30.02 and a twelve month high of $48.33.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.34%. EQT’s payout ratio is presently 75.00%.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley boosted their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Monday, December 30th. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

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.