Czech National Bank Raises Stock Position in EQT Co. (NYSE:EQT)

Czech National Bank raised its stake in shares of EQT Co. (NYSE:EQT) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,373 shares of the oil and gas producer’s stock after buying an additional 8,363 shares during the period. Czech National Bank’s holdings in EQT were worth $5,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQT. HM Payson & Co. bought a new stake in shares of EQT in the third quarter worth $25,000. Truvestments Capital LLC bought a new stake in shares of EQT during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC increased its position in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Quarry LP lifted its stake in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of EQT in the third quarter worth approximately $36,000. 90.81% of the stock is owned by institutional investors.

EQT Stock Performance

Shares of NYSE EQT opened at $50.62 on Wednesday. The company has a market cap of $30.20 billion, a P/E ratio of 60.26 and a beta of 1.12. EQT Co. has a 52-week low of $30.02 and a 52-week high of $51.21. 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’s fifty day moving average is $45.09 and its two-hundred day moving average is $38.45.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, analysts anticipate that EQT Co. will post 1.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQT. StockNews.com raised shares of EQT to a “sell” rating in a report on Monday, December 30th. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Citigroup lifted their target price on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, EQT has an average rating of “Moderate Buy” and an average price target of $48.67.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

About EQT

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.