Legacy Wealth Asset Management LLC Acquires 2,478 Shares of Equinor ASA (NYSE:EQNR)

Legacy Wealth Asset Management LLC raised its holdings in Equinor ASA (NYSE:EQNR) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,863 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Equinor ASA in the 4th quarter worth $840,000. Wellington Management Group LLP grew its holdings in shares of Equinor ASA by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after buying an additional 134,688 shares in the last quarter. Jump Financial LLC acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $3,541,000. Pacer Advisors Inc. lifted its stake in Equinor ASA by 25.2% in the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after acquiring an additional 139,952 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Equinor ASA by 39.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock worth $33,105,000 after acquiring an additional 295,162 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 1.8 %

EQNR traded up $0.52 during trading on Thursday, reaching $29.00. 1,584,241 shares of the stock were exchanged, compared to its average volume of 1,935,465. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The stock’s 50 day moving average price is $28.02 and its two-hundred day moving average price is $27.99. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73. The stock has a market cap 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 issued its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $25.14 billion for the quarter, compared to analysts’ expectations of $25.03 billion. Equities analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQNR. TD Cowen began coverage on shares of Equinor ASA in a report on Wednesday, April 24th. They issued a “hold” rating and a $28.00 price objective on the stock. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.25.

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.