Vantage Investment Partners LLC Grows Holdings in EQT Co. (NYSE:EQT)

Vantage Investment Partners LLC raised its position in EQT Co. (NYSE:EQT) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,125,836 shares of the oil and gas producer’s stock after buying an additional 21,681 shares during the period. EQT accounts for approximately 4.5% of Vantage Investment Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Vantage Investment Partners LLC’s holdings in EQT were worth $51,912,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EQT. Wellington Management Group LLP grew its position in shares of 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 purchasing an additional 20,700,921 shares during the period. State Street Corp increased its position in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after acquiring an additional 7,290,822 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in shares of EQT during the third quarter worth $562,494,000. Geode Capital Management LLC lifted its position in EQT by 34.4% in 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 acquiring an additional 3,582,418 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock worth $335,952,000 after purchasing an additional 253,186 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EQT

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

EQT Stock Down 9.8 %

EQT stock opened at $48.43 on Tuesday. EQT Co. has a 1-year low of $30.02 and a 1-year high of $54.85. The business’s 50 day simple moving average is $46.84 and its 200 day simple moving average is $39.39. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $28.90 billion, a PE ratio of 57.66 and a beta of 1.12.

EQT (NYSE:EQT) last released 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. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, research analysts anticipate that EQT Co. will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on EQT. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Wells Fargo & Company lifted 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. Citigroup upped their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Finally, Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They set a “buy” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.89.

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.