Insider Buying: EQT Co. (EQT) CEO Acquires 12,660 Shares of Stock

EQT Co. (NYSE:EQT) CEO Robert Joseph Mcnally bought 12,660 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were acquired at an average price of $20.80 per share, with a total value of $263,328.00. Following the completion of the transaction, the chief executive officer now owns 193,072 shares of the company’s stock, valued at approximately $4,015,897.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Robert Joseph Mcnally also recently made the following trade(s):

  • On Tuesday, February 19th, Robert Joseph Mcnally acquired 1,496 shares of EQT stock. The stock was purchased at an average price of $19.10 per share, with a total value of $28,573.60.

NYSE EQT traded up $0.83 during trading hours on Friday, reaching $20.99. The stock had a trading volume of 6,193,809 shares, compared to its average volume of 4,420,285. The firm has a market cap of $5.20 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.61 and a beta of 0.71. EQT Co. has a 52-week low of $16.29 and a 52-week high of $31.28. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

EQT (NYSE:EQT) last issued its earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.17 billion. EQT had a positive return on equity of 4.46% and a negative net margin of 45.88%. EQT’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. As a group, research analysts expect that EQT Co. will post 1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 15th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. EQT’s dividend payout ratio is currently 7.06%.

A number of hedge funds and other institutional investors have recently modified their holdings of EQT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in EQT in the first quarter valued at approximately $29,000. Clean Yield Group acquired a new position in EQT in the fourth quarter valued at approximately $34,000. Financial Architects Inc lifted its holdings in EQT by 55.1% in the fourth quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 757 shares during the period. JOYN Advisors Inc. lifted its holdings in EQT by 282.1% in the fourth quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock valued at $67,000 after acquiring an additional 2,618 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in EQT by 287.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 3,103 shares during the period. Hedge funds and other institutional investors own 96.49% of the company’s stock.

Several analysts recently weighed in on EQT shares. Royal Bank of Canada downgraded EQT from an “outperform” rating to a “sector perform” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Credit Suisse Group restated a “buy” rating and issued a $24.00 price objective on shares of EQT in a report on Tuesday, January 22nd. Jefferies Financial Group restated a “hold” rating and issued a $21.00 price objective on shares of EQT in a report on Tuesday, January 29th. Morgan Stanley set a $10.00 price objective on EQT and gave the company a “sell” rating in a report on Tuesday, January 29th. Finally, TD Securities lifted their price objective on EQT from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.13.

COPYRIGHT VIOLATION NOTICE: “Insider Buying: EQT Co. (EQT) CEO Acquires 12,660 Shares of Stock” was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/26/insider-buying-eqt-co-eqt-ceo-buys-263328-00-in-stock.html.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

Read More: Cash Flow Analysis in Stock Selection

Insider Buying and Selling by Quarter for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.