Lone Pine Capital Reduces $447M in EQT Corporation ($EQT)
Key Points
- Lone Pine Capital changed its EQT Corporation ($EQT) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $EQT is Strong Buy and an average price target of $67.68.
- $EQT last traded around $53.48.
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Lone Pine Capital reduced its position in EQT Corporation ($EQT), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of EQT Corporation after selling 8,361,889 shares during the quarter.
EQT Corporation Stock Down 2.0%
Shares of EQT Corporation ($EQT) traded around $53.48 on Saturday, down 2.0% for the day.
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About EQT Corporation
EQT Corporation engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. The company sells natural gas, natural gas liquids, and oil to marketers, utilities, and industrial customers located in the Appalachian Basin. It also provides marketing services and contractual pipeline capacity management services, as well as engages in risk management and hedging activities. The company was formerly known as Equitable Resources Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1888 and is headquartered in Canonsburg, Pennsylvania.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.