EQT Corporation (EQT) Shares Sold by Cannell Peter B & Co. Inc.
Cannell Peter B & Co. Inc. cut its position in EQT Corporation (NYSE:EQT) by 24.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 198,900 shares of the oil and gas producer’s stock after selling 63,450 shares during the period. Cannell Peter B & Co. Inc. owned approximately 0.11% of EQT Corporation worth $11,654,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new position in EQT Corporation during the first quarter worth approximately $110,000. Invictus RG acquired a new position in shares of EQT Corporation during the first quarter valued at about $119,000. Pacer Advisors Inc. boosted its position in shares of EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares during the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of EQT Corporation during the first quarter valued at about $211,000. Finally, Fisher Asset Management LLC boosted its position 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 valued at $212,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.
EQT Corporation (EQT) traded down 0.27% during trading on Friday, reaching $62.17. 408,107 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.78 billion, a PE ratio of 2220.36 and a beta of 0.77. The stock has a 50-day moving average of $62.27 and a 200-day moving average of $59.67. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The firm’s revenue for the quarter was up 720.1% on a year-over-year basis. On average, equities research analysts anticipate that EQT Corporation will post $1.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, August 9th. EQT Corporation’s dividend payout ratio is currently 400.13%.
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EQT has been the topic of several recent research reports. Stifel Nicolaus increased their target price on shares of EQT Corporation from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $69.00 target price on shares of EQT Corporation in a report on Tuesday, July 4th. Cowen and Company set a $80.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Howard Weil upgraded shares of EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a report on Friday, July 14th. Finally, Royal Bank Of Canada set a $79.00 target price on shares of EQT Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. EQT Corporation presently has a consensus rating of “Buy” and a consensus price target of $79.75.
In other news, insider David E. Jr. Schlosser acquired 10,000 shares of EQT Corporation stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of $50.96 per share, for a total transaction of $509,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Joseph Mcnally acquired 1,500 shares of EQT Corporation stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $50.00 per share, with a total value of $75,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 41,901 shares of company stock valued at $2,211,775. 1.00% of the stock is owned by company insiders.
EQT Corporation Company Profile
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.
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