Bronfman E.L. Rothschild L.P. Has $79,000 Stake in EQT Co. (EQT)

Bronfman E.L. Rothschild L.P. boosted its position in shares of EQT Co. (NYSE:EQT) by 287.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,184 shares of the oil and gas producer’s stock after acquiring an additional 3,103 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in EQT were worth $79,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of EQT by 30.4% in the 4th quarter. BlackRock Inc. now owns 23,893,102 shares of the oil and gas producer’s stock valued at $451,340,000 after purchasing an additional 5,573,274 shares during the period. Castle Hook Partners LP bought a new stake in shares of EQT in the 4th quarter valued at approximately $49,412,000. Oregon Public Employees Retirement Fund grew its stake in shares of EQT by 3,355.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,989,646 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 1,932,069 shares during the period. Sound Shore Management Inc. CT grew its stake in shares of EQT by 38.9% in the 4th quarter. Sound Shore Management Inc. CT now owns 5,652,090 shares of the oil and gas producer’s stock valued at $106,768,000 after purchasing an additional 1,581,641 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of EQT by 89.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,714,845 shares of the oil and gas producer’s stock valued at $32,393,000 after purchasing an additional 810,021 shares during the period. Hedge funds and other institutional investors own 96.49% of the company’s stock.

NYSE:EQT traded up $0.25 during trading hours on Monday, hitting $21.58. 2,043,948 shares of the stock were exchanged, compared to its average volume of 4,446,142. EQT Co. has a twelve month low of $16.29 and a twelve month high of $31.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.52 and a beta of 0.71.

EQT (NYSE:EQT) last posted its quarterly earnings data on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.02). EQT had a positive return on equity of 4.46% and a negative net margin of 45.88%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities analysts predict that EQT Co. will post 1.38 EPS for the current fiscal year.

EQT has been the topic of several analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $24.00 price objective on shares of EQT in a research note on Tuesday, January 22nd. Stifel Nicolaus set a $79.00 price objective on EQT and gave the company a “buy” rating in a research note on Thursday, December 20th. Royal Bank of Canada lowered EQT to a “hold” rating and set a $80.00 price target on the stock. in a research report on Thursday, December 20th. TD Securities increased their price target on EQT from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $21.00 price target on shares of EQT in a research report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.47.

In related news, SVP David Joseph Smith purchased 16,800 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were bought at an average price of $19.06 per share, with a total value of $320,208.00. Following the purchase, the senior vice president now directly owns 42,102 shares in the company, valued at approximately $802,464.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jonathan M. Lushko purchased 7,903 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average cost of $19.04 per share, for a total transaction of $150,473.12. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 59,459 shares of company stock worth $1,177,466. Company insiders own 0.68% of the company’s stock.

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EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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