Bornite Capital Management LP Takes $37.22 Million Position in EQT Corporation $EQT

Bornite Capital Management LP acquired a new stake in shares of EQT Corporation (NYSE:EQT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 700,000 shares of the oil and gas producer’s stock, valued at approximately $37,219,000. EQT comprises about 4.7% of Bornite Capital Management LP’s holdings, making the stock its 15th largest holding. Bornite Capital Management LP owned approximately 0.11% of EQT at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQT. BlackRock Inc. bought a new position in EQT during the 2nd quarter valued at about $3,204,125,000. Wellington Management Group LLP boosted its holdings in shares of EQT by 41.4% during the 2nd quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock valued at $1,199,807,000 after acquiring an additional 6,603,286 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of EQT in the second quarter worth approximately $512,148,000. Bank of America Corp DE grew its stake in shares of EQT by 7.2% in the second quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock worth $225,478,000 after acquiring an additional 284,244 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of EQT during the second quarter valued at approximately $163,705,000. 90.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Toby Z. Rice sold 175,328 shares of EQT stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the transaction, the chief executive officer directly owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 274,042 shares of company stock valued at $15,005,076. 0.72% of the stock is currently owned by company insiders.

EQT Stock Performance

Shares of NYSE EQT opened at $55.65 on Wednesday. The firm has a 50 day moving average of $52.46 and a 200 day moving average of $56.39. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 12.91 and a beta of 0.58. EQT Corporation has a 12-month low of $47.94 and a 12-month high of $68.24.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s quarterly revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. On average, research analysts anticipate that EQT Corporation will post 3.96 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, August 5th. EQT’s dividend payout ratio is 15.31%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of EQT from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Zacks Research upgraded shares of EQT from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of EQT in a report on Thursday, July 30th. Barclays dropped their price target on EQT from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Freedom Capital raised EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.10.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: A reported LNG deal and second-quarter 2026 results helped reinforce expectations for EQT’s production and demand outlook. The combination of LNG-related commercial activity and operating performance appears to be the primary near-term catalyst supporting the stock. EQT Corp stock edges higher as LNG deal and Q2 2026 figures support
• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast for EQT to $4.58 from $4.50. It also made modest upward revisions to estimates for the first quarter of 2027, the third quarter of 2027 and the second quarter of 2028, suggesting some improvement in longer-term earnings expectations.
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current-year consensus EPS reference remains $3.96, indicating that the estimate revisions have not yet resulted in a more bullish overall analyst stance.
• Neutral Sentiment: Reports on EQT’s $3.2 billion combination with Coller Capital describe a transaction involving the global private-markets manager EQT AB, not the U.S. natural-gas producer EQT Corporation. The deal therefore appears unrelated to NYSE:EQT’s operating fundamentals, although the similar company names could create confusion. EQT completes $3.2bn combination with secondaries firm Coller Capital
• Negative Sentiment: Zacks reduced its EPS forecasts for the fourth quarter of 2027 and the first quarter of 2028, partly offsetting the upward revisions elsewhere. These cuts point to uncertainty around the timing and strength of EQT’s future earnings recovery.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.