EQT Co. (NYSE:EQT) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its position in EQT Co. (NYSE:EQT) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,721 shares of the oil and gas producer’s stock after selling 1,618 shares during the quarter. Central Bank & Trust Co.’s holdings in EQT were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC acquired a new position in shares of EQT in the fourth quarter valued at approximately $399,000. MassMutual Private Wealth & Trust FSB boosted its position in EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 236 shares during the period. UMB Bank n.a. grew its stake in shares of EQT by 20.3% in the fourth quarter. UMB Bank n.a. now owns 6,087 shares of the oil and gas producer’s stock worth $281,000 after acquiring an additional 1,026 shares in the last quarter. Jackson Square Capital LLC purchased a new stake in shares of EQT during the fourth quarter worth $708,000. Finally, HB Wealth Management LLC raised its stake in shares of EQT by 29.6% in the fourth quarter. HB Wealth Management LLC now owns 17,737 shares of the oil and gas producer’s stock valued at $818,000 after acquiring an additional 4,048 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Performance

Shares of EQT opened at $52.93 on Tuesday. The company’s 50 day simple moving average is $45.83 and its 200-day simple moving average is $38.79. EQT Co. has a 12-month low of $30.02 and a 12-month high of $53.98. The firm has a market cap of $31.58 billion, a PE ratio of 63.02 and a beta of 1.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last posted its quarterly earnings data 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. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.30 earnings per share. EQT’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts predict that EQT Co. will post 1.44 EPS for the current year.

Insider Buying and Selling at EQT

In other EQT 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 value of $1,351,803.82. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EQT shares. 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 started coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Stephens increased their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted 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 analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $49.89.

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.