Penobscot Investment Management Company Inc. maintained its stake in shares of EQT Corporation (NYSE:EQT) during the second quarter, Holdings Channel reports. The firm owned 13,000 shares of the oil and gas producer’s stock at the end of the second quarter. Penobscot Investment Management Company Inc.’s holdings in EQT Corporation were worth $762,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EQT. Fisher Asset Management LLC boosted its stake in shares of EQT Corporation by 7.0% in the first quarter. Fisher Asset Management LLC now owns 3,474 shares of the oil and gas producer’s stock worth $212,000 after buying an additional 226 shares during the last quarter. Waldron LP boosted its stake in shares of EQT Corporation by 43.3% in the first quarter. Waldron LP now owns 5,541 shares of the oil and gas producer’s stock worth $338,000 after buying an additional 1,673 shares during the last quarter. Sippican Capital Advisors boosted its stake in shares of EQT Corporation by 34.0% in the first quarter. Sippican Capital Advisors now owns 19,998 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 5,072 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of EQT Corporation by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,593 shares of the oil and gas producer’s stock worth $262,000 after buying an additional 165 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of EQT Corporation by 32.1% in the first quarter. Nationwide Fund Advisors now owns 560,666 shares of the oil and gas producer’s stock worth $34,257,000 after buying an additional 136,081 shares during the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

EQT Corporation (EQT) opened at 61.05 on Friday. The firm’s 50-day moving average is $61.93 and its 200 day moving average is $59.80. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 2180.36 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last released its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The company had revenue of $631.10 million for the quarter, compared to the consensus estimate of $642.21 million. During the same period in the previous year, the firm earned ($0.35) EPS. EQT Corporation’s revenue was up 720.1% on a year-over-year basis. Equities analysts predict that EQT Corporation will post $1.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. EQT Corporation’s dividend payout ratio (DPR) is 400.13%.

COPYRIGHT VIOLATION NOTICE: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/eqt-corporation-eqt-position-maintained-by-penobscot-investment-management-company-inc/1503320.html.

A number of brokerages have recently commented on EQT. BMO Capital Markets set a $70.00 target price on shares of EQT Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Royal Bank Of Canada set a $79.00 target price on shares of EQT Corporation and gave the company a “hold” rating in a report on Friday, July 28th. KLR Group reaffirmed a “buy” rating and issued a $102.00 target price (up from $101.00) on shares of EQT Corporation in a report on Sunday, July 30th. Scotiabank set a $82.00 price target on shares of EQT Corporation and gave the stock a “hold” rating in a research note on Saturday, April 22nd. Finally, Cowen and Company set a $80.00 price target on shares of EQT Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. EQT Corporation currently has an average rating of “Buy” and a consensus price target of $79.92.

In related news, CEO Steven T. Schlotterbeck purchased 2,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were bought at an average cost of $52.14 per share, for a total transaction of $104,280.00. Following the transaction, the chief executive officer now owns 115,178 shares of the company’s stock, valued at $6,005,380.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Bray Jr. Cary purchased 28,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were bought at an average price of $53.55 per share, for a total transaction of $1,499,400.00. Following the completion of the transaction, the director now directly owns 22,627 shares in the company, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,901 shares of company stock worth $2,211,775 over the last 90 days. 1.00% of the stock is owned by insiders.

About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Corporation (NYSE:EQT).

Institutional Ownership by Quarter for EQT Corporation (NYSE:EQT)

Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.