Lone Pine Capital Reduces $434M in EQT Corporation ($EQT)
Key Points
- Lone Pine Capital changed its EQT Corporation ($EQT) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $EQT is Buy and an average price target of $70.04.
- $EQT last traded around $51.94.
Lone Pine Capital reduced its position in EQT Corporation ($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 ($EQT) Stock
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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 Pittsburgh, Pennsylvania.
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