EQT Co. (NYSE:EQT) Stock Holdings Lowered by Mariner Investment Group LLC

Mariner Investment Group LLC lowered its position in EQT Co. (NYSE:EQT) by 66.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the oil and gas producer’s stock after selling 20,000 shares during the quarter. EQT comprises approximately 0.1% of Mariner Investment Group LLC’s investment portfolio, making the stock its 29th biggest holding. Mariner Investment Group LLC’s holdings in EQT were worth $461,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EQT. Parkside Investments LLC increased its position in EQT by 340.0% in the 4th quarter. Parkside Investments LLC now owns 22,000 shares of the oil and gas producer’s stock valued at $1,014,000 after acquiring an additional 17,000 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of EQT during the fourth quarter valued at $3,022,000. Blue Trust Inc. raised its stake in shares of EQT by 158.7% during the fourth quarter. Blue Trust Inc. now owns 6,944 shares of the oil and gas producer’s stock valued at $320,000 after purchasing an additional 4,260 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in EQT in the fourth quarter worth about $71,000. Finally, Fifth Third Bancorp grew its position in EQT by 16.9% in the 4th quarter. Fifth Third Bancorp now owns 16,915 shares of the oil and gas producer’s stock valued at $780,000 after buying an additional 2,446 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling 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 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. This trade represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

EQT Stock Performance

Shares of EQT stock opened at $53.78 on Monday. EQT Co. has a 12 month low of $30.02 and a 12 month high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $32.09 billion, a PE ratio of 64.03 and a beta of 1.12. The business has a fifty day simple moving average of $46.84 and a 200-day simple moving average of $39.39.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.35 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that EQT Co. will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on EQT shares. Piper Sandler boosted their price target on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. UBS Group upped their target price on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Citigroup upped their price objective on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Stephens lifted their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.