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As Eqt (EQT) Valuation Declined, Tortoise Capital Advisors Upped Position; As Bp Plc (BP) Market Value Rose, Goodwin Daniel L Cut by $1.36 Million Its Stake

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Tortoise Capital Advisors Llc increased its stake in Eqt Corp (EQT) by 4.97% based on its latest 2018Q1 regulatory filing with the SEC. Tortoise Capital Advisors Llc bought 12,258 shares as the company’s stock declined 4.32% with the market. The hedge fund held 258,817 shares of the oil & gas production company at the end of 2018Q1, valued at $12.30M, up from 246,559 at the end of the previous reported quarter. Tortoise Capital Advisors Llc who had been investing in Eqt Corp for a number of months, seems to be bullish on the $14.81 billion market cap company. The stock decreased 1.64% or $0.93 during the last trading session, reaching $55.85. About 1.37 million shares traded. EQT Corporation (NYSE:EQT) has declined 10.80% since June 21, 2017 and is downtrending. It has underperformed by 23.37% the S&P500. Some Historical EQT News: 30/04/2018 – EQT Sells Global Industrial Automation Co Piab to Investor AB Unit; 15/05/2018 – JANA EXITED EQT, LBRDK, CMCSA, FB, DWDP IN 1Q: 13F; 26/04/2018 – RICE MIDSTREAM PARTNERS LP – EQT WILL RECEIVE $1.15 BLN IN CASH AND 5.9 MLN EQM COMMON UNITS AND GULFPORT ENERGY WILL RECEIVE $175 MLN IN CASH; 15/03/2018 – Pittsburgh Business Times: BREAKING: Schlotterbeck quits as EQT CEO; 16/03/2018 – EQT MIDSTREAM PARTNERS LP – EXPECTS IMMATERIAL IMPACT, IF ANY, FROM FERC’S REVISED POLICY STATEMENT; 08/03/2018 – EQT HOLDINGS LTD EQT.AX – PARTIES HAVE AGREED NOT TO DISCLOSE TRANSACTION VALUE; 26/04/2018 – RICE MIDSTREAM PARTNERS LP – EQM HAS ENTERED INTO A $2.5 BLN 364-DAY SYNDICATED TERM LOAN FACILITY; 15/03/2018 – EQT Corp: Well Positioned to Advance Strategy, Implement Separation Plan; 15/03/2018 – EQT Corp President, CEO Steven Schlotterbeck Resigns; 13/03/2018 – EQT PARTNERS IS SAID TO WEIGH SALE OF POLAND’S HTL-STREFA

Goodwin Daniel L decreased its stake in Bp Plc (BP) by 49.35% based on its latest 2018Q1 regulatory filing with the SEC. Goodwin Daniel L sold 34,100 shares as the company’s stock rose 10.08% while stock markets declined. The institutional investor held 35,000 shares of the integrated oil company at the end of 2018Q1, valued at $1.42M, down from 69,100 at the end of the previous reported quarter. Goodwin Daniel L who had been investing in Bp Plc for a number of months, seems to be less bullish one the $147.91 billion market cap company. The stock decreased 1.41% or $0.63 during the last trading session, reaching $44.13. About 4.34M shares traded. BP p.l.c. (NYSE:BP) has risen 21.84% since June 21, 2017 and is uptrending. It has outperformed by 9.27% the S&P500. Some Historical BP News: 29/03/2018 – BP CEO’s Pay Tops Shell’s After Best Exploration Year Since 2004; 01/05/2018 – “Sometimes people forget that actually, it was not that long ago we were down at $28 a barrel … I think oil prices today feel a bit frothy,” Brian Gilvary, CFO at BP, told CNBC’s “Squawk Box Europe” Tuesday; 27/04/2018 – ODFJELL DRILLING LTD ODLL.OL – PLEASED TO ANNOUNCE THAT AKER BP HAS TODAY AWARDED ODFJELL DRILLING A 2 YEAR FIRM DRILLING CONTRACT WITH 1+1 YEAR OPTIONAL PERIODS; 04/04/2018 – Russia’s Transneft halts oil intake from Rosneft subsidiary; 11/04/2018 – Wellington.Scoop: BP gives rescue boat to Capital Coast Callout Squad; 16/05/2018 – Azerbaijan’s Jan-Apr gas exports from Shah Deniz l fall 6.4 pct yr/yr; 26/04/2018 – BP Signs Production Sharing Agreement With State Oil Company of Azerbaijan; 10/04/2018 – BP PLC -BP WIND ENERGY, THROUGH UNIT, SIGNED A PURCHASE AGREEMENT TO INSTALL A HIGH-STORAGE BATTERY AT ITS TITAN 1 WIND FARM IN SOUTH DAKOTA; 12/03/2018 – BP selects McDermott and BHGE for subsea contracts for West African Tortue/Ahmeyim Development; 17/05/2018 – MEDIA-BP in talks to take Conoco’s UK field in swap deal – Bloomberg

Since January 1, 2018, it had 5 buys, and 0 insider sales for $292,824 activity. 4,000 EQT Corporation (NYSE:EQT) shares with value of $204,720 were bought by McNally Robert Joseph. Szydlowski Norman J bought $8,595 worth of stock or 151 shares.

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 1.30, from 2.45 in 2017Q4. It turned negative, as 62 investors sold EQT shares while 140 reduced holdings. 71 funds opened positions while 161 raised stakes. 221.16 million shares or 2.70% less from 227.29 million shares in 2017Q4 were reported. Jane Street Grp Inc Limited Liability holds 65,411 shares or 0.01% of its portfolio. Walleye Trading Limited Liability has 0.01% invested in EQT Corporation (NYSE:EQT) for 51,748 shares. Kentucky Retirement Systems owns 12,777 shares. Qs Investors Ltd Llc, a New York-based fund reported 26,714 shares. Arizona State Retirement holds 0.06% or 127,319 shares. 2,700 were accumulated by Loring Wolcott & Coolidge Fiduciary Llp Ma. Neuberger Berman Gp holds 2.41 million shares. Qvt Fincl Limited Partnership has invested 0.34% in EQT Corporation (NYSE:EQT). Moreover, Caisse De Depot Et Placement Du Quebec has 0.11% invested in EQT Corporation (NYSE:EQT). Mitsubishi Ufj & invested in 0.05% or 544,370 shares. Alps Inc invested in 0% or 9,129 shares. Bokf Na holds 0.01% of its portfolio in EQT Corporation (NYSE:EQT) for 6,607 shares. Alliancebernstein LP reported 0.01% stake. Beach Invest Counsel Pa owns 4,496 shares or 0.02% of their US portfolio. Moreover, Signaturefd Limited Co has 0% invested in EQT Corporation (NYSE:EQT).

Tortoise Capital Advisors Llc, which manages about $15.07B and $14.24 billion US Long portfolio, decreased its stake in U.S. Silica Holdings Inc. (NYSE:SLCA) by 33,090 shares to 181,880 shares, valued at $4.64M in 2018Q1, according to the filing. It also reduced its holding in Parsley Energy Inc. (NYSE:PE) by 15,300 shares in the quarter, leaving it with 270,668 shares, and cut its stake in Centennial Resource Development Inc..

Among 22 analysts covering EQT Corporation (NYSE:EQT), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. EQT Corporation had 88 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, July 5 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Deutsche Bank maintained it with “Buy” rating and $93 target in Monday, September 28 report. The company was initiated on Friday, December 8 by SunTrust. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Hold”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, July 28 report. The stock has “Buy” rating by Credit Suisse on Monday, December 11. The firm has “Buy” rating given on Friday, August 26 by Stifel Nicolaus. On Wednesday, September 28 the stock rating was reinitiated by GMP Securities with “Buy”. Cowen & Co maintained the stock with “Buy” rating in Tuesday, September 12 report. The stock of EQT Corporation (NYSE:EQT) earned “Buy” rating by Cowen & Co on Wednesday, October 18.

More news for EQT Corporation (NYSE:EQT) were recently published by: Bizjournals.com, which released: “State’s shale impact fee totals $209M for 2017” on June 21, 2018. Streetinsider.com‘s article titled: “Form 424B5 EQT Midstream Partners,” and published on June 20, 2018 is yet another important article.

Among 30 analysts covering BP (NYSE:BP), 22 have Buy rating, 2 Sell and 6 Hold. Therefore 73% are positive. BP had 63 analyst reports since July 24, 2015 according to SRatingsIntel. Argus Research maintained it with “Buy” rating and $41 target in Friday, November 27 report. On Monday, November 2 the stock rating was upgraded by Morgan Stanley to “Equalweight”. The stock of BP p.l.c. (NYSE:BP) earned “Hold” rating by Cowen & Co on Tuesday, October 24. The stock of BP p.l.c. (NYSE:BP) earned “Hold” rating by Jefferies on Tuesday, August 29. The stock has “Buy” rating by Citigroup on Thursday, March 29. BNP Paribas maintained the shares of BP in report on Wednesday, July 29 with “Neutral” rating. Nomura initiated BP p.l.c. (NYSE:BP) on Friday, March 18 with “Neutral” rating. The rating was upgraded by PiperJaffray on Monday, August 7 to “Overweight”. Macquarie Research upgraded BP p.l.c. (NYSE:BP) on Thursday, April 26 to “Neutral” rating. JP Morgan maintained BP p.l.c. (NYSE:BP) on Wednesday, July 29 with “Overweight” rating.

Analysts await BP p.l.c. (NYSE:BP) to report earnings on August, 7. They expect $0.85 EPS, up 304.76% or $0.64 from last year’s $0.21 per share. BP’s profit will be $2.85B for 12.98 P/E if the $0.85 EPS becomes a reality. After $0.78 actual EPS reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 8.97% EPS growth.

EQT Corporation (NYSE:EQT) Institutional Positions Chart

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