Moody Lynn & Lieberson LLC Has $217,000 Holdings in EQT Co. (NYSE:EQT)

Moody Lynn & Lieberson LLC trimmed its holdings in EQT Co. (NYSE:EQT) by 27.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,700 shares of the oil and gas producer’s stock after selling 1,750 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in EQT were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EQT. Wellington Management Group LLP increased its holdings in EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. State Street Corp increased its holdings in EQT by 24.5% in the third 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. Modera Wealth Management LLC bought a new position in shares of EQT during the third quarter worth $562,494,000. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of EQT by 2.9% in the second quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock valued at $335,952,000 after buying an additional 253,186 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQT has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. UBS Group boosted their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Citigroup raised their target price on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group lifted their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and an average price target of $49.89.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.

EQT Stock Up 0.4 %

Shares of NYSE:EQT opened at $53.78 on Monday. The business’s 50-day moving average is $46.84 and its 200-day moving average is $39.37. EQT Co. has a 1 year low of $30.02 and a 1 year high of $54.85. The company has a market capitalization of $32.09 billion, a price-to-earnings ratio of 64.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its quarterly earnings results 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 firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. Equities research analysts predict that EQT Co. will post 1.42 earnings per share for the current year.

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.