EQT Co. (NYSE:EQT) Stock Position Lowered by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its position in EQT Co. (NYSE:EQT) by 83.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,078 shares of the oil and gas producer’s stock after selling 15,156 shares during the period. Meeder Asset Management Inc.’s holdings in EQT were worth $69,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC bought a new stake in shares of EQT in the 1st quarter worth $25,000. PNC Managed Account Solutions Inc. bought a new stake in shares of EQT in the 2nd quarter worth $32,000. Capital Analysts LLC bought a new stake in shares of EQT in the 1st quarter worth $74,000. Rockefeller Capital Management L.P. raised its position in shares of EQT by 20.1% during the first quarter. Rockefeller Capital Management L.P. now owns 4,958 shares of the oil and gas producer’s stock worth $92,000 after purchasing an additional 831 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of EQT by 121.0% during the first quarter. Advisors Asset Management Inc. now owns 8,538 shares of the oil and gas producer’s stock worth $159,000 after purchasing an additional 4,675 shares during the period. 97.58% of the stock is currently owned by institutional investors.

In related news, CEO Toby Z. Rice purchased 28,000 shares of the firm’s stock in a transaction dated Monday, August 2nd. The stock was bought at an average price of $17.83 per share, for a total transaction of $499,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

EQT opened at $19.53 on Wednesday. The company has a market cap of $5.45 billion, a PE ratio of -3.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. The stock has a 50-day moving average of $19.09 and a 200-day moving average of $19.54. EQT Co. has a 52-week low of $12.27 and a 52-week high of $23.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.59 and a current ratio of 0.59.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 27th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $996.88 million during the quarter, compared to the consensus estimate of $1 billion. EQT had a positive return on equity of 0.67% and a negative net margin of 28.97%. On average, research analysts predict that EQT Co. will post 0.48 earnings per share for the current year.

A number of brokerages have recently issued reports on EQT. Morgan Stanley lowered EQT from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $22.00 to $24.00 in a research report on Friday, June 18th. Citigroup began coverage on EQT in a research report on Monday, August 30th. They set a “buy” rating and a $23.00 target price on the stock. Truist boosted their target price on EQT from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, July 1st. They noted that the move was a valuation call. Mizuho cut their target price on EQT from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, August 13th. Finally, Wells Fargo & Company lifted their price target on EQT from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, August 23rd. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $23.43.

About EQT

EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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