20,000 Shares in EQT Corp. (EQT) Acquired by Bp Plc

Bp Plc bought a new position in shares of EQT Corp. (NYSE:EQT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $1,548,000.

Several other large investors also recently modified their holdings of EQT. Fisher Asset Management LLC increased its position in EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock worth $251,000 after buying an additional 10 shares in the last quarter. First Manhattan Co. increased its position in EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock worth $502,000 after buying an additional 40 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock worth $504,000 after buying an additional 75 shares in the last quarter. Canada Pension Plan Investment Board increased its position in EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock worth $203,000 after buying an additional 100 shares in the last quarter. Finally, Conning Inc. increased its position in EQT Corp. by 3.7% in the second quarter. Conning Inc. now owns 4,727 shares of the company’s stock worth $366,000 after buying an additional 170 shares in the last quarter. 87.74% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for EQT Corp. (NYSE:EQT)

EQT Corp. (NYSE:EQT) traded down 0.47% during trading on Tuesday, reaching $65.61. 1,454,040 shares of the company’s stock were exchanged. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The firm’s market cap is $11.33 billion. The stock’s 50 day moving average price is $71.58 and its 200 day moving average price is $71.92.

EQT Corp. (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The firm earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The company’s revenue for the quarter was down 71.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. Equities research analysts anticipate that EQT Corp. will post ($0.64) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, November 8th. EQT Corp.’s dividend payout ratio is currently -5.66%.

A number of research firms have recently weighed in on EQT. Zacks Investment Research downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Tudor Pickering downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Wolfe Research began coverage on shares of EQT Corp. in a report on Friday, October 7th. They set a “buy” rating and a $85.00 price target on the stock. GMP Securities began coverage on shares of EQT Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $92.00 price target on the stock. Finally, Stifel Nicolaus upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Friday, August 26th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. EQT Corp. presently has an average rating of “Hold” and a consensus price target of C$77.50.

EQT Corp. Company Profile

EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.

5 Day Chart for NYSE:EQT

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