Legacy Wealth Asset Management LLC Grows Stake in Equinor ASA (NYSE:EQNR)

Legacy Wealth Asset Management LLC grew its holdings in shares of Equinor ASA (NYSE:EQNR) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,863 shares of the company’s stock after buying an additional 2,478 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Equinor ASA were worth $1,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Folketrygdfondet lifted its position in shares of Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock worth $3,415,854,000 after purchasing an additional 917,330 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Equinor ASA by 9.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after acquiring an additional 285,662 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Equinor ASA by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after purchasing an additional 134,688 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Equinor ASA by 39.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after purchasing an additional 295,162 shares in the last quarter. Finally, Flputnam Investment Management Co. grew its stake in Equinor ASA by 1.8% in the fourth quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock worth $25,479,000 after purchasing an additional 14,466 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Up 1.8 %

Equinor ASA stock traded up $0.52 during trading hours on Thursday, hitting $29.00. The stock had a trading volume of 1,584,241 shares, compared to its average volume of 1,935,465. The stock’s 50-day moving average price is $28.02 and its 200-day moving average price is $27.99. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $85.40 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 3.79 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.18. The business had revenue of $25.14 billion for the quarter, compared to analysts’ expectations of $25.03 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. Equities research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. TD Cowen assumed coverage on shares of Equinor ASA in a report on Wednesday, April 24th. They set a “hold” rating and a $28.00 target price for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.