66,310 Shares in EQT Co. (NYSE:EQT) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in EQT Co. (NYSE:EQT) in the 4th quarter, Holdings Channel reports. The institutional investor bought 66,310 shares of the oil and gas producer’s stock, valued at approximately $3,022,000.

A number of other hedge funds have also recently made changes to their positions in EQT. Wellington Management Group LLP raised its holdings 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 valued at $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. Modera Wealth Management LLC bought a new stake in shares of EQT in the third quarter worth $562,494,000. State Street Corp raised 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 worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $511,159,000 after buying an additional 3,582,418 shares during the period. Finally, Holocene Advisors LP bought a new position in shares of EQT during the third quarter worth about $97,979,000. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 0.4 %

Shares of NYSE:EQT opened at $53.78 on Monday. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The company has a market capitalization of $32.09 billion, a PE ratio of 64.03 and a beta of 1.12. The business has a fifty day moving average price of $46.84 and a two-hundred day moving average price of $39.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts forecast that EQT Co. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EQT shares. Bank of America started coverage on shares of EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective on the stock. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a research report on Wednesday, January 15th. Wells Fargo & Company upped their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. StockNews.com upgraded EQT to a “sell” rating in a report on Monday, December 30th. Finally, Citigroup increased their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

Insider Activity at EQT

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

EQT 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.