EQT Co. (NYSE:EQT) Shares Purchased by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC raised its position in EQT Co. (NYSE:EQT) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,072 shares of the oil and gas producer’s stock after buying an additional 3,417 shares during the period. Daymark Wealth Partners LLC’s holdings in EQT were worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted 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 purchasing an additional 20,700,921 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of EQT in the third quarter worth about $562,494,000. State Street Corp lifted its stake in shares of EQT by 24.5% in 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 buying an additional 7,290,822 shares in the last quarter. Geode Capital Management LLC boosted its position in EQT by 34.4% during 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 acquiring an additional 3,582,418 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake 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.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the 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 sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.63% of the company’s stock.

EQT Stock Down 0.1 %

NYSE:EQT opened at $53.39 on Thursday. EQT Co. has a 52 week low of $30.02 and a 52 week 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’s fifty day moving average is $46.20 and its two-hundred day moving average is $39.03. The stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of 63.57 and a beta of 1.12.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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%. EQT’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. Research analysts anticipate that EQT Co. will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQT shares. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Citigroup raised their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 target price of $49.89.

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.