Journey Strategic Wealth LLC Makes New $235,000 Investment in EQT Co. (NYSE:EQT)

Journey Strategic Wealth LLC purchased a new position in EQT Co. (NYSE:EQT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,102 shares of the oil and gas producer’s stock, valued at approximately $235,000.

Several other institutional investors also recently added to or reduced their stakes in EQT. Symphony Financial Ltd. Co. bought a new stake in shares of EQT during the fourth quarter valued at approximately $189,000. SeaBridge Investment Advisors LLC increased its position in shares of EQT by 77.6% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 54,677 shares of the oil and gas producer’s stock valued at $2,521,000 after purchasing an additional 23,895 shares during the period. Waldron Private Wealth LLC increased its position in shares of EQT by 0.7% during the fourth quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer’s stock valued at $1,721,000 after purchasing an additional 251 shares during the period. Caprock Group LLC increased its position in shares of EQT by 25.7% during the fourth quarter. Caprock Group LLC now owns 7,663 shares of the oil and gas producer’s stock valued at $353,000 after purchasing an additional 1,565 shares during the period. Finally, Cibc World Market Inc. increased its position in shares of EQT by 330.1% during the fourth quarter. Cibc World Market Inc. now owns 309,494 shares of the oil and gas producer’s stock valued at $14,271,000 after purchasing an additional 237,531 shares during the period. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

EQT stock opened at $52.18 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $31.13 billion, a P/E ratio of 62.12, a P/E/G ratio of 0.62 and a beta of 1.08. The business’s fifty day moving average is $47.32 and its two-hundred day moving average is $39.87. EQT Co. has a 52 week low of $30.02 and a 52 week high of $54.85.

Insiders Place Their Bets

In other 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 transaction of $1,351,803.82. Following the transaction, the director now owns 201,608 shares of the company’s stock, 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 through this link. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQT. UBS Group boosted their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Citigroup boosted their price objective on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, StockNews.com raised EQT to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.94.

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.