Equinor ASA (NYSE:EQNR) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in Equinor ASA (NYSE:EQNR) by 30.2% in the first quarter, HoldingsChannel reports. The firm owned 18,805 shares of the company’s stock after selling 8,155 shares during the quarter. Signaturefd LLC’s holdings in Equinor ASA were worth $497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in shares of Equinor ASA by 725.4% during the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares during the period. GeoWealth Management LLC boosted its stake in shares of Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock worth $33,000 after purchasing an additional 985 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Equinor ASA during the 1st quarter worth about $54,000. Bruce G. Allen Investments LLC boosted its stake in shares of Equinor ASA by 34.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company’s stock worth $58,000 after purchasing an additional 556 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Equinor ASA by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock worth $62,000 after acquiring an additional 629 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EQNR shares. Kepler Capital Markets lowered shares of Equinor ASA from a “hold” rating to a “reduce” rating in a report on Tuesday, May 20th. Morgan Stanley downgraded shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target for the company. in a report on Monday, May 12th. TD Cowen cut their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada downgraded Equinor ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, April 22nd. Finally, Redburn Atlantic downgraded Equinor ASA from a “buy” rating to a “sell” rating in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA currently has an average rating of “Hold” and an average price target of $22.71.

Equinor ASA Trading Up 0.0%

Shares of Equinor ASA stock opened at $25.76 on Friday. The stock has a market capitalization of $71.93 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.70 and a beta of 0.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.37. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.29. The stock has a 50 day moving average price of $25.16 and a two-hundred day moving average price of $24.36.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a net margin of 8.07% and a return on equity of 18.44%. The company had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, equities analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

About Equinor ASA

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.