Hollow Brook Wealth Management LLC Boosts Position in Equinor ASA (NYSE:EQNR)

Hollow Brook Wealth Management LLC grew its stake in shares of Equinor ASA (NYSE:EQNR) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,647 shares of the company’s stock after acquiring an additional 5,447 shares during the period. Hollow Brook Wealth Management LLC’s holdings in Equinor ASA were worth $2,195,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd purchased a new position in shares of Equinor ASA in the 3rd quarter worth approximately $6,203,000. Manning & Napier Advisors LLC acquired a new position in shares of Equinor ASA during the second quarter worth $5,271,000. Commonwealth Equity Services LLC lifted its holdings in shares of Equinor ASA by 1,334.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after purchasing an additional 164,658 shares during the last quarter. Summit Global Investments boosted its position in shares of Equinor ASA by 290.0% in the 2nd quarter. Summit Global Investments now owns 199,823 shares of the company’s stock worth $5,707,000 after purchasing an additional 148,580 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Equinor ASA by 401.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company’s stock worth $4,933,000 after buying an additional 138,273 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a report on Monday, October 14th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.90.

Equinor ASA Stock Up 0.5 %

EQNR opened at $24.29 on Monday. The company has a 50-day moving average price of $24.50 and a 200 day moving average price of $26.19. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $32.66. The company has a market cap of $67.84 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 5.26 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the company posted $0.92 EPS. Sell-side analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

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.