Nomura Holdings Inc. reduced its position in EQT Corporation (NYSE:EQT) by 41.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,297 shares of the oil and gas producer’s stock after selling 5,243 shares during the period. Nomura Holdings Inc.’s holdings in EQT Corporation were worth $446,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cleararc Capital Inc. boosted its stake in shares of EQT Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the oil and gas producer’s stock valued at $260,000 after buying an additional 37 shares during the last quarter. Shell Asset Management Co. raised its position in shares of EQT Corporation by 0.3% in the first quarter. Shell Asset Management Co. now owns 16,575 shares of the oil and gas producer’s stock valued at $1,013,000 after buying an additional 52 shares during the period. Advantus Capital Management Inc raised its position in shares of EQT Corporation by 0.3% in the first quarter. Advantus Capital Management Inc now owns 17,317 shares of the oil and gas producer’s stock valued at $1,058,000 after buying an additional 53 shares during the period. Mutual of America Capital Management LLC raised its position in shares of EQT Corporation by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 21,438 shares of the oil and gas producer’s stock valued at $1,310,000 after buying an additional 58 shares during the period. Finally, Cadence Capital Management LLC raised its position in EQT Corporation by 1.1% in the first quarter. Cadence Capital Management LLC now owns 6,037 shares of the oil and gas producer’s stock valued at $369,000 after buying an additional 64 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.
EQT Corporation (NYSE:EQT) traded up 0.52% during mid-day trading on Wednesday, hitting $61.36. The company had a trading volume of 613,772 shares. The stock has a 50 day moving average price of $56.01 and a 200-day moving average price of $60.47. The stock’s market capitalization is $10.63 billion. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $78.84.
EQT Corporation (NYSE:EQT) last issued its earnings results on Thursday, April 27th. The oil and gas producer reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. EQT Corporation had a positive return on equity of 0.18% and a negative net margin of 15.03%. The company had revenue of $897.50 million during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. EQT Corporation’s revenue was up 64.6% on a year-over-year basis. On average, analysts forecast that EQT Corporation will post $1.30 earnings per share for the current year.
Several brokerages have issued reports on EQT. Stifel Nicolaus increased their price target on EQT Corporation from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank Of Canada downgraded EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $86.00 to $80.00 in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and set a $69.00 price objective on shares of EQT Corporation in a report on Tuesday, July 4th. Scotiabank set a $77.00 price objective on EQT Corporation and gave the company a “hold” rating in a research report on Saturday, July 1st. Finally, KLR Group reissued a “buy” rating and set a $102.00 price target (up from $92.00) on shares of EQT Corporation in a report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.14.
In other news, Director A. Bray Jr. Cary bought 28,000 shares of EQT Corporation stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $53.55 per share, with a total value of $1,499,400.00. Following the completion of the purchase, the director now directly owns 22,627 shares of the company’s stock, valued at $1,211,675.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven T. Schlotterbeck purchased 2,000 shares of EQT Corporation stock in a transaction dated Thursday, June 22nd. The stock was bought at an average cost of $52.14 per share, for a total transaction of $104,280.00. Following the completion of the purchase, the chief executive officer now directly owns 115,178 shares in the company, valued at approximately $6,005,380.92. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 41,901 shares of company stock valued at $2,211,775. Corporate insiders own 1.00% of the company’s stock.
About EQT Corporation
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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