Mariner Investment Group LLC Has $461,000 Stock Holdings in EQT Co. (NYSE:EQT)

Mariner Investment Group LLC trimmed its holdings in EQT Co. (NYSE:EQT) by 66.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the oil and gas producer’s stock after selling 20,000 shares during the quarter. EQT makes up 0.1% of Mariner Investment Group LLC’s investment portfolio, making the stock its 29th largest position. Mariner Investment Group LLC’s holdings in EQT were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. bought a new stake in EQT in the third quarter worth $25,000. Truvestments Capital LLC acquired a new position in shares of EQT during the 3rd quarter valued at about $30,000. Quarry LP raised its stake in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.

EQT Trading Up 0.4 %

Shares of EQT stock opened at $53.78 on Monday. The firm has a fifty day moving average of $46.84 and a 200-day moving average of $39.39. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 64.03 and a beta of 1.12. EQT Co. has a 52-week low of $30.02 and a 52-week high of $54.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current 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 the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, equities research analysts forecast that EQT Co. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EQT has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Piper Sandler boosted their target price on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price objective on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.89.

EQT Company Profile

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.