EQT Co. (NYSE:EQT) Shares Sold by Mariner Investment Group LLC

Mariner Investment Group LLC cut its holdings in EQT Co. (NYSE:EQT - Free Report) by 66.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the oil and gas producer's stock after selling 20,000 shares during the period. EQT accounts for 0.1% of Mariner Investment Group LLC's holdings, making the stock its 29th biggest holding. Mariner Investment Group LLC's holdings in EQT were worth $461,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EQT. Wellington Management Group LLP increased its stake in EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after acquiring an additional 20,700,921 shares during the last quarter. Modera Wealth Management LLC bought a new position in shares of EQT during the 3rd quarter valued at approximately $562,494,000. State Street Corp increased its position in shares of EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC increased its position in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of EQT during the 3rd quarter valued at approximately $97,979,000. Institutional investors own 90.81% of the company's stock.

EQT Stock Down 9.8 %

Shares of NYSE EQT traded down $5.25 during mid-day trading on Monday, reaching $48.43. 21,145,593 shares of the company were exchanged, compared to its average volume of 8,898,323. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $28.90 billion, a price-to-earnings ratio of 57.66 and a beta of 1.12. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The firm has a 50-day moving average of $46.84 and a 200 day moving average of $39.39.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts expect that EQT Co. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

EQT has been the topic of several analyst reports. Truist Financial boosted their target price on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. BMO Capital Markets boosted their price objective on EQT from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, October 4th. Bank of America assumed coverage on EQT in a report on Monday, October 28th. They set a "buy" rating and a $50.00 price objective for the company. Finally, UBS Group boosted their price objective on EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, November 4th. One investment 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.89.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction dated 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 directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

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.