Legacy Wealth Asset Management LLC Has $613,000 Stake in Equinor ASA $EQNR

Legacy Wealth Asset Management LLC reduced its stake in shares of Equinor ASA (NYSE:EQNR) by 54.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,368 shares of the company’s stock after selling 28,803 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Equinor ASA were worth $613,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. John G Ullman & Associates Inc. raised its stake in Equinor ASA by 5.8% during the second quarter. John G Ullman & Associates Inc. now owns 76,359 shares of the company’s stock worth $1,920,000 after acquiring an additional 4,200 shares in the last quarter. Foster & Motley Inc. raised its stake in Equinor ASA by 712.2% during the second quarter. Foster & Motley Inc. now owns 61,871 shares of the company’s stock worth $1,555,000 after acquiring an additional 54,253 shares in the last quarter. Ritholtz Wealth Management raised its stake in Equinor ASA by 60.5% during the second quarter. Ritholtz Wealth Management now owns 292,069 shares of the company’s stock worth $7,343,000 after acquiring an additional 110,134 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Equinor ASA during the second quarter worth $407,000. Finally, Naviter Wealth LLC acquired a new position in Equinor ASA during the second quarter worth $278,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EQNR. Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Morgan Stanley cut Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 3rd. Finally, DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.22 on Wednesday. The stock’s fifty day moving average is $24.37 and its 200-day moving average is $24.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The stock has a market capitalization of $68.38 billion, a PE ratio of 7.71, a PEG ratio of 0.83 and a beta of 0.52. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to the consensus estimate of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. Equities research analysts expect that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Company 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.