Raytheon Company (RTN) Is At $215.11 Formed Wedge; Cushing Asset Management LP Has Increased Eqt (EQT) Stake

Raytheon Company (RTN) formed wedge up with $225.87 target or 5.00% above today’s $215.11 share price. Raytheon Company (RTN) has $62.06B valuation. The stock decreased 1.66% or $3.62 during the last trading session, reaching $215.11. About 1.60 million shares traded. Raytheon Company (NYSE:RTN) has risen 42.32% since March 28, 2017 and is uptrending. It has outperformed by 30.77% the S&P500.

Cushing Asset Management Lp increased Eqt Corp (EQT) stake by 28.63% reported in 2017Q4 SEC filing. Cushing Asset Management Lp acquired 31,350 shares as Eqt Corp (EQT)’s stock declined 13.36%. The Cushing Asset Management Lp holds 140,850 shares with $8.02M value, up from 109,500 last quarter. Eqt Corp now has $12.55 billion valuation. The stock decreased 2.93% or $1.43 during the last trading session, reaching $47.45. About 3.09M shares traded. EQT Corporation (NYSE:EQT) has declined 19.22% since March 28, 2017 and is downtrending. It has underperformed by 30.77% the S&P500.

Since October 2, 2017, it had 0 buys, and 11 sales for $23.68 million activity. Jimenez Frank R also sold $121,723 worth of Raytheon Company (NYSE:RTN) on Monday, October 2. 10,503 Raytheon Company (NYSE:RTN) shares with value of $2.25 million were sold by O’Brien Anthony F. 650 shares were sold by Long Letitia A, worth $120,790 on Tuesday, January 2. Newsome Randa G also sold $1.84M worth of Raytheon Company (NYSE:RTN) on Tuesday, February 13. $9.67 million worth of Raytheon Company (NYSE:RTN) shares were sold by Kennedy Thomas A. $410,738 worth of stock was sold by Wood Michael J on Friday, January 26. Lawrence Taylor W had sold 12,951 shares worth $2.80 million on Tuesday, February 13.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on April, 26. They expect $2.08 earnings per share, up 20.23% or $0.35 from last year’s $1.73 per share. RTN’s profit will be $600.10M for 25.85 P/E if the $2.08 EPS becomes a reality. After $2.03 actual earnings per share reported by Raytheon Company for the previous quarter, Wall Street now forecasts 2.46% EPS growth.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company has $255.0 highest and $118 lowest target. $202.28’s average target is -5.96% below currents $215.11 stock price. Raytheon Company had 76 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Friday, October 23 by Wolfe Research. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. The firm has “Buy” rating by Cowen & Co given on Thursday, July 27. The stock has “Sell” rating by Zacks on Thursday, September 3. RBC Capital Markets maintained the shares of RTN in report on Friday, July 7 with “Buy” rating. The firm earned “Buy” rating on Monday, January 8 by Jefferies. Barclays Capital downgraded Raytheon Company (NYSE:RTN) rating on Monday, November 30. Barclays Capital has “Equal-Weight” rating and $125 target. The firm has “Overweight” rating by JP Morgan given on Monday, October 12. Bank of America upgraded it to “Buy” rating and $120 target in Tuesday, July 28 report. Deutsche Bank maintained Raytheon Company (NYSE:RTN) rating on Friday, October 28. Deutsche Bank has “Hold” rating and $145 target.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.12, from 1.21 in 2017Q3. It dropped, as 36 investors sold Raytheon Company shares while 374 reduced holdings. 106 funds opened positions while 340 raised stakes. 202.53 million shares or 1.45% less from 205.51 million shares in 2017Q3 were reported. Earnest Ptnrs Limited Company holds 0% of its portfolio in Raytheon Company (NYSE:RTN) for 148 shares. Argent Tru owns 3,719 shares. Homrich And Berg, a Georgia-based fund reported 4,425 shares. Wolverine Asset Mgmt Limited Liability Company reported 21,815 shares. Town & Country Bancorporation & Dba First Bankers invested in 8,274 shares or 0.77% of the stock. Employees Retirement Association Of Colorado reported 502,618 shares. Park Corporation Oh, a Ohio-based fund reported 1,747 shares. Bradley Foster And Sargent Ct stated it has 143,630 shares. Choate Investment Advsrs reported 0.02% of its portfolio in Raytheon Company (NYSE:RTN). 24,968 are held by Woodstock Corporation. Tci Wealth Advsrs has 2,031 shares. Amundi Pioneer Asset Management invested 0.78% of its portfolio in Raytheon Company (NYSE:RTN). Neuberger Berman Grp Ltd Liability Com accumulated 1.22M shares. Cullen Management Ltd Llc owns 2.12% invested in Raytheon Company (NYSE:RTN) for 328,350 shares. L & S Advisors owns 0.7% invested in Raytheon Company (NYSE:RTN) for 24,364 shares.

Among 21 analysts covering EQT Corporation (NYSE:EQT), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. EQT Corporation had 83 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, August 17, the company rating was maintained by Morgan Stanley. The rating was maintained by Cowen & Co on Tuesday, September 12 with “Buy”. Deutsche Bank maintained the shares of EQT in report on Monday, September 28 with “Buy” rating. The rating was maintained by Jefferies on Monday, August 14 with “Hold”. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, October 18. The stock of EQT Corporation (NYSE:EQT) earned “Neutral” rating by Seaport Global on Friday, December 9. KLR Group upgraded the shares of EQT in report on Friday, October 23 to “Buy” rating. The rating was downgraded by SunTrust on Thursday, February 25 to “Neutral”. On Wednesday, October 18 the stock rating was maintained by Cowen & Co with “Buy”. The stock of EQT Corporation (NYSE:EQT) earned “Sector Perform” rating by Howard Weil on Thursday, August 11.

Cushing Asset Management Lp decreased Keane Group Inc stake by 21,793 shares to 391,913 valued at $7.45M in 2017Q4. It also reduced Pioneer Nat Res Co (NYSE:PXD) stake by 36,361 shares and now owns 24,496 shares. Extraction Oil And Gas Inc was reduced too.

Investors sentiment increased to 2.45 in Q4 2017. Its up 1.37, from 1.08 in 2017Q3. It increased, as 39 investors sold EQT shares while 88 reduced holdings. 92 funds opened positions while 219 raised stakes. 227.29 million shares or 22.97% more from 184.83 million shares in 2017Q3 were reported. Stratos Wealth Prns Limited stated it has 0.01% of its portfolio in EQT Corporation (NYSE:EQT). Moreover, Corecommodity Mngmt Limited has 0.49% invested in EQT Corporation (NYSE:EQT). 325 are held by Patten Group Incorporated. Cohen And Steers Incorporated has invested 0% of its portfolio in EQT Corporation (NYSE:EQT). 63,543 are held by Bessemer Group Inc. Moreover, Atlas Browninc has 0.07% invested in EQT Corporation (NYSE:EQT). Aperio Gp Ltd Liability Corporation invested 0.02% of its portfolio in EQT Corporation (NYSE:EQT). Mai Cap Management reported 4,773 shares. Jfs Wealth Llc holds 0.03% or 2,082 shares in its portfolio. Nikko Asset Americas Incorporated stated it has 175,264 shares or 0.26% of all its holdings. 5.00 million are held by Credit Suisse Ag. Segall Bryant And Hamill Limited Liability Company accumulated 4,034 shares. Nelson Roberts Inv Limited Liability holds 0% or 14 shares in its portfolio. Pentwater Cap Mngmt Limited Partnership accumulated 0.61% or 1.61 million shares. Cannell Peter B invested 0.34% of its portfolio in EQT Corporation (NYSE:EQT).

Since January 1, 2018, it had 2 buys, and 0 sales for $40,356 activity. 558 shares were bought by Cary A. Bray Jr., worth $31,761. On Monday, January 1 Szydlowski Norman J bought $8,595 worth of EQT Corporation (NYSE:EQT) or 151 shares.