4,111 Shares in EQT Co. (NYSE:EQT) Purchased by CX Institutional

CX Institutional purchased a new position in EQT Co. (NYSE:EQT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,111 shares of the oil and gas producer’s stock, valued at approximately $190,000.

Several other institutional investors also recently added to or reduced their stakes in EQT. Wellington Management Group LLP increased its stake in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the period. Modera Wealth Management LLC purchased a new position in EQT in the 3rd quarter worth about $562,494,000. State Street Corp increased its position in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares during the period. Geode Capital Management LLC increased its position in EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the period. Finally, Holocene Advisors LP purchased a new position in EQT during the 3rd quarter valued at about $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Up 0.4 %

EQT stock opened at $53.78 on Monday. The firm has a 50 day moving average of $46.84 and a 200 day moving average of $39.37. The stock has a market capitalization of $32.09 billion, a PE ratio of 64.03 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted $0.30 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

EQT has been the topic of a number of research reports. Piper Sandler raised their target price on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Citigroup raised their target price on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company raised their target price on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com raised shares of EQT to a “sell” rating in a research report on Monday, December 30th. Finally, UBS Group raised their price target on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.89.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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.