EQT Corporation (EQT) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of EQT Corporation (NYSE:EQT) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,485 shares of the oil and gas producer’s stock after buying an additional 5,939 shares during the period. Rhumbline Advisers owned about 0.19% of EQT Corporation worth $21,887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its stake in shares of EQT Corporation by 13.1% in the second quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock valued at $136,412,000 after acquiring an additional 270,054 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of EQT Corporation by 6.1% in the second quarter. Wedge Capital Management L L P NC now owns 3,142,162 shares of the oil and gas producer’s stock valued at $184,099,000 after acquiring an additional 181,277 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of EQT Corporation by 22.5% in the third quarter. State of Tennessee Treasury Department now owns 821,326 shares of the oil and gas producer’s stock valued at $53,584,000 after acquiring an additional 150,856 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of EQT Corporation in the second quarter valued at $4,142,000. Finally, Mitchell Group Inc. raised its stake in shares of EQT Corporation by 11.1% in the second quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock valued at $32,551,000 after acquiring an additional 55,330 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

In other news, Director Thomas F. Karam bought 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $59.26 per share, for a total transaction of $592,600.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,185,200. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director A. Bray Jr. Cary bought 406 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were purchased at an average price of $65.24 per share, for a total transaction of $26,487.44. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on EQT. KLR Group reiterated a “buy” rating and issued a $102.00 price objective (up from $101.00) on shares of EQT Corporation in a research note on Sunday, July 30th. Royal Bank Of Canada set a $79.00 price objective on EQT Corporation and gave the company a “hold” rating in a research note on Friday, July 28th. BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price objective on shares of EQT Corporation in a research note on Thursday, September 14th. Finally, Seaport Global Securities upgraded EQT Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the company from $57.00 to $79.00 in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. EQT Corporation presently has an average rating of “Buy” and a consensus price target of $78.09.

Shares of EQT Corporation (NYSE EQT) opened at $59.03 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $75.74. The company has a market capitalization of $10,261.30, a PE ratio of 67.85, a PEG ratio of 4.49 and a beta of 0.79.

EQT Corporation (NYSE:EQT) last posted its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. EQT Corporation had a return on equity of 1.61% and a net margin of 1.39%. The business had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $667.05 million. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. research analysts forecast that EQT Corporation will post 0.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Thursday, November 9th. EQT Corporation’s dividend payout ratio (DPR) is currently 57.15%.

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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.

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

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