Investor Market Move: Talara Capital Management LLC Has Raised Eqt Corp (EQT) Position by $9.07 Million as Stock Price Declined

Investor Market Move: Talara Capital Management LLC Has Raised Eqt Corp (EQT) Position by $9.07 Million as Stock Price Declined

David Zusman increased its stake in Eqt Corp (EQT) by 83.18% based on its latest 2016Q3 regulatory filing with the SEC. Talara Capital Management Llc bought 126,000 shares as the company’s stock declined 8.46% while stock markets rallied. The hedge fund run by David Zusman held 277,471 shares of the oil & gas production company at the end of 2016Q3, valued at $20.15M, up from 151,471 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Eqt Corp for a number of months, seems to be bullish on the $10.83 billion market cap company. The stock is down 1.31% or $0.83 hitting $62.51, despite the positive news. About 1.06 million shares traded hands. EQT Corporation (NYSE:EQT) has declined 15.80% since June 7, 2016 and is downtrending. It has underperformed by 23.23% the S&P500.

Talara Capital Management Llc is a New York-based hedge fund that was founded by David Zusman. It had more than $249.36 million assets under management in July, 2014. Taken from Talara Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 1.17 in Q3 2016. Its down 0.44, from 1.61 in 2016Q2. The ratio turned negative, as 48 funds sold all EQT shares owned while 133 reduced positions. 59 funds bought stakes while 153 increased positions. They now own 152.72 million shares or 0.85% more from 151.43 million shares in 2016Q2. Aristotle Limited Liability Com holds 2.26% or 3.00M shares in its portfolio. Bancorp Of Mellon accumulated 0.04% or 1.75M shares. State Treasurer State Of Michigan accumulated 60,270 shares or 0.03% of the stock. Fdx Advsrs Inc owns 5,713 shares or 0.02% of their US portfolio. Cohen Steers Inc holds 7,953 shares or 0% of its portfolio. Cwm Ltd Liability holds 0.01% of its portfolio in EQT Corporation (NYSE:EQT) for 1,524 shares. Bnp Paribas Ptnrs accumulated 31,401 shares or 0.02% of the stock. South Texas Money Management Ltd reported 16,674 shares or 0.07% of all its holdings. The New York-based Tocqueville Asset Management LP has invested 0.05% in EQT Corporation (NYSE:EQT). Livforsakringsbolaget Skandia Omsesidigt holds 0.04% or 9,950 shares in its portfolio. Fisher Asset Mngmt Lc has invested 0% of its portfolio in EQT Corporation (NYSE:EQT). The Michigan-based World Asset Management Inc has invested 0.04% in EQT Corporation (NYSE:EQT). Md Sass Invsts Svcs has 902,246 shares for 3.7% of their US portfolio. The Virginia-based Dixon Hubard Feinour & Brown Incorporated Va has invested 0.2% in EQT Corporation (NYSE:EQT). Icon Advisers Inc Company reported 99,400 shares or 0.48% of all its holdings.

Insider Transactions: Since October 3, 2016, the stock had 2 insider purchases, and 1 sale for $191,224 net activity. 3,628 shares were sold by SCHLOTTERBECK STEVEN T, worth $241,226 on Monday, November 14. Another trade for 313 shares valued at $22,730 was bought by Cary A. Bray Jr..

More news for EQT Corporation (NYSE:EQT) were recently published by: Seekingalpha.com, which released: “Chapter IV Asking EQT To Begin Marcellus Consolidation” on January 06, 2017. Businesswire.com‘s article titled: “Chapter IV Investors Sends Letter and Presentation to Board of EQT Corporation” and published on January 03, 2017 is yet another important article.

According to Zacks Investment Research, “EQT Corporation, formerly Equitable Resources, Inc., is an integrated energy company engaged on Appalachian area natural gas activities, including production, gathering and processing, and distribution, transmission, storage and marketing. EQT Corporation, its divisions and its subsidiaries, offer energy products and services to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities. The Equitable Supply segment develops, produces, and sells natural gas, crude oil, and natural gas liquids. It also gathers gas produced by the company and third parties, as well as engages in the processing of natural gas liquids. The Equitable Utilities segment engages in the gathering, transportation, storage, distribution, and sale of natural gas, as well as in the pipeline and storage operations. The company is headquartered in Pittsburgh, Pennsylvania.”

EQT Corporation (NYSE:EQT) Ratings Coverage

Out of 17 analysts covering EQT Corporation (NYSE:EQT), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. EQT Corporation has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of EQT Corporation (NYSE:EQT) has “Overweight” rating given on Wednesday, December 9 by JP Morgan. Suntrust Robinson downgraded EQT Corporation (NYSE:EQT) on Thursday, February 25 to “Neutral” rating. The firm earned “Buy” rating on Friday, October 23 by KLR Group. The firm has “Neutral” rating given on Thursday, February 25 by SunTrust. The company was downgraded on Tuesday, January 12 by Jefferies. As per Friday, August 26, the company rating was upgraded by Stifel Nicolaus. The stock has “Buy” rating given by Global Hunter Securities on Friday, August 14. The stock has “Outperform” rating given by Cowen & Co on Tuesday, July 21. Credit Suisse initiated the shares of EQT in a report on Monday, October 24 with “Outperform” rating. The firm has “Equal-Weight” rating given on Wednesday, March 2 by Morgan Stanley.

EQT Company Profile

EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Firm operates through two business divisions: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.

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