CFM Wealth Partners LLC Has $1.02 Million Stake in EQT Co. (NYSE:EQT)

CFM Wealth Partners LLC reduced its position in shares of EQT Co. (NYSE:EQT) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,134 shares of the oil and gas producer’s stock after selling 2,354 shares during the period. CFM Wealth Partners LLC’s holdings in EQT were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the last quarter. Radnor Capital Management LLC increased its stake in shares of EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock valued at $2,810,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of EQT by 0.7% in the 4th 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 last quarter. Davis Investment Partners LLC increased its stake in shares of EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock valued at $1,137,000 after purchasing an additional 317 shares during the last quarter. Finally, Greenleaf Trust increased its stake in shares of EQT by 1.8% in the 4th quarter. Greenleaf Trust now owns 19,477 shares of the oil and gas producer’s stock valued at $898,000 after purchasing an additional 349 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a report on Wednesday, January 15th. Stephens raised their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $48.00 to $57.00 in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $49.94.

EQT Stock Performance

Shares of EQT stock opened at $51.03 on Monday. EQT Co. has a one year low of $30.02 and a one year high of $54.85. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 60.75, a PEG ratio of 0.58 and a beta of 1.12. The business has a 50-day simple moving average of $47.32 and a 200 day simple moving average of $39.84. 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 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.