SG Americas Securities LLC Sells 27,511 Shares of EQT Co. (NYSE:EQT)

SG Americas Securities LLC lessened its position in EQT Co. (NYSE:EQT) by 79.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,018 shares of the oil and gas producer’s stock after selling 27,511 shares during the quarter. SG Americas Securities LLC’s holdings in EQT were worth $324,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HM Payson & Co. bought a new stake in EQT in the third quarter worth about $25,000. Truvestments Capital LLC purchased a new stake in shares of EQT in the third quarter worth approximately $30,000. Hexagon Capital Partners LLC lifted its stake in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 904 shares during the last quarter. Quarry LP boosted its holdings in EQT by 184.7% during 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 during the period. Finally, Brown Brothers Harriman & Co. bought a new position in EQT in the 3rd quarter valued at $36,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Piper Sandler lifted their target price on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, Truist Financial increased their price objective on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.94.

EQT Price Performance

NYSE EQT opened at $52.15 on Wednesday. The firm’s fifty day simple moving average is $47.44 and its two-hundred day simple moving average is $39.99. The firm has a market capitalization of $31.12 billion, a P/E ratio of 62.09, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 12-month low of $30.02 and a 12-month high of $54.85.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by company insiders.

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.