EQT Corp's (NYSE:EQT (ST:EQTAB)) Chief Human Resources Officer, Evancho Lesley, has recently sold a significant number of shares in the company, according to a new SEC filing. The transaction, which took place on May 28, involved the sale of 46,884 shares of common stock at a weighted average price of $41.29 per share. This resulted in a total sale value of approximately $1,935,840.
Investors following EQT Corp might be interested to know that the shares were sold in multiple transactions with prices ranging from $41.230 to $41.425. These details were provided in a footnote to the SEC filing, which also stated that Lesley is willing to provide full information about the number of shares sold at each price upon request.
Following the sale, Lesley still retains a substantial stake in the company, with 160,884 shares of EQT Corp's common stock, which includes accrued dividends as noted in the filing's footnotes.
EQT Corp, headquartered in Pittsburgh, Pennsylvania, is a company in the crude petroleum and natural gas industry with a long history that has seen several name changes over the years. The recent transaction by one of its top executives may be of interest to current and potential shareholders looking to understand insider activity within the company.
InvestingPro Insights
In light of the recent insider sale at EQT Corp (NYSE:EQT), investors may find value in considering some key metrics and analyst insights provided by InvestingPro. The company's current market capitalization stands at a robust $18.19 billion, reflecting investor confidence and its size within the industry. Additionally, EQT Corp's price-to-earnings (P/E) ratio has adjusted to 23.55 over the last twelve months as of Q1 2024, indicating how the stock is valued relative to its earnings.
InvestingPro Tips suggest that while EQT Corp trades with low price volatility, which might appeal to risk-averse investors, there are concerns to be mindful of. Analysts have revised their earnings expectations downwards for the upcoming period, and the company's net income is anticipated to drop this year. These factors could influence the company's future performance and should be considered alongside any insider transactions.
For those looking to delve deeper into EQT Corp's financials and forecasts, InvestingPro offers additional insights. There are currently 7 more InvestingPro Tips available, which could further inform investment decisions. Interested readers can access these tips at https://www.investing.com/pro/EQT and may use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research capabilities.
Lastly, it's worth noting that despite the insider sale, EQT Corp has demonstrated a strong return over the last five years, which could be indicative of the company's resilience and potential for long-term growth.
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