Brooklyn Investment Group Sells 247 Shares of EQT Co. (NYSE:EQT)

Brooklyn Investment Group lessened its position in EQT Co. (NYSE:EQT) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,612 shares of the oil and gas producer’s stock after selling 247 shares during the quarter. Brooklyn Investment Group’s holdings in EQT were worth $74,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after acquiring an additional 35,733 shares during the last quarter. FMR LLC boosted its holdings in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after acquiring an additional 28,129 shares during the period. Tidal Investments LLC grew its position in EQT by 55.8% in the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock valued at $2,228,000 after acquiring an additional 21,789 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 1.6 %

EQT stock opened at $52.93 on Monday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $53.98. The business has a fifty day moving average price of $45.83 and a 200-day moving average price of $38.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 63.02 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Equities research analysts forecast that EQT Co. will post 1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

EQT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Bank of America started coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company. UBS Group raised their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, EQT has a consensus rating of “Moderate Buy” and a consensus price target of $49.89.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

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.