113,154 Shares in EQT Corporation $EQT Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of EQT Corporation (NYSE:EQT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 113,154 shares of the oil and gas producer’s stock, valued at approximately $6,016,000.

Several other large investors have also bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new position in shares of EQT during the fourth quarter worth $26,000. Meeder Asset Management Inc. acquired a new position in shares of EQT in the second quarter worth approximately $26,000. Wedbush Fund Advisers LLC boosted its stake in shares of EQT by 251.8% in the 2nd quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 413 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in EQT during the 2nd quarter worth about $37,000. Finally, Elyxium Wealth LLC bought a new stake in EQT in the fourth quarter worth approximately $49,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQT has been the topic of a number of research analyst reports. Stephens increased their price objective on shares of EQT from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group cut their price objective on EQT from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Barclays reduced their price objective on EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, August 17th. JPMorgan Chase & Co. cut their price target on EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Finally, Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.10.

Insiders Place Their Bets

In other news, CEO Toby Z. Rice sold 175,328 shares of EQT stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 274,042 shares of company stock valued at $15,005,076. 0.72% of the stock is currently owned by insiders.

EQT Stock Down 0.0%

Shares of NYSE EQT opened at $54.56 on Monday. The stock has a market capitalization of $34.13 billion, a P/E ratio of 12.66 and a beta of 0.58. The firm’s 50 day simple moving average is $52.33 and its two-hundred day simple moving average is $56.41. EQT Corporation has a one year low of $47.94 and a one year high of $68.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.EQT’s revenue was down 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, analysts expect that EQT Corporation will post 3.96 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. EQT’s dividend payout ratio is presently 15.31%.

EQT Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.