Cibc World Market Inc. grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 330.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 309,494 shares of the oil and gas producer's stock after acquiring an additional 237,531 shares during the period. Cibc World Market Inc. owned about 0.05% of EQT worth $14,271,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock valued at $2,327,000 after acquiring an additional 32,484 shares in the last quarter. Retirement Systems of Alabama lifted its position in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock valued at $4,878,000 after acquiring an additional 35,733 shares in the last quarter. FMR LLC lifted its position in EQT by 2.5% in the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock valued at $1,914,000 after acquiring an additional 5,489 shares in the last quarter. Finally, Howard Financial Services LTD. bought a new position in EQT in the 4th quarter valued at approximately $223,000. Hedge funds and other institutional investors own 90.81% of the company's stock.
EQT Stock Performance
EQT traded up $0.74 during trading on Wednesday, hitting $52.89. The stock had a trading volume of 4,082,718 shares, compared to its average volume of 8,116,396. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $31.56 billion, a P/E ratio of 62.96, a PEG ratio of 0.62 and a beta of 1.08. The company's 50-day moving average price is $47.57 and its 200 day moving average price is $40.11. EQT Co. has a twelve month low of $30.02 and a twelve month high of $54.85.
Insider Buying and Selling
In other news, Director Thomas F. Karam sold 30,154 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 201,608 shares of the company's stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.63% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on EQT shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Citigroup increased their price target on EQT from $44.00 to $51.00 and gave the company a "buy" rating in a report on Friday, December 6th. Truist Financial increased their price target on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, UBS Group upped their price objective on EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $49.94.
Check Out Our Latest Stock Report on EQT
EQT Profile
(
Free Report)
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.
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