Seed Wealth Management Inc. Reduces Position in Equinor ASA $EQNR

Seed Wealth Management Inc. decreased its holdings in shares of Equinor ASA (NYSE:EQNR) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,260 shares of the company’s stock after selling 1,250 shares during the quarter. Seed Wealth Management Inc.’s holdings in Equinor ASA were worth $233,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock worth $26,000 after buying an additional 856 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Equinor ASA in the first quarter valued at about $53,000. Wayfinding Financial LLC purchased a new stake in shares of Equinor ASA in the first quarter valued at about $54,000. Headlands Technologies LLC purchased a new stake in shares of Equinor ASA in the first quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Equinor ASA by 34.1% in the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company’s stock valued at $58,000 after purchasing an additional 556 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQNR. JPMorgan Chase & Co. lowered shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Pareto Securities lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. UBS Group lowered shares of Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. Hsbc Global Res cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley cut shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Equinor ASA currently has an average rating of “Reduce” and a consensus target price of $22.71.

Equinor ASA Price Performance

Equinor ASA stock opened at $24.15 on Monday. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. 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 business has a fifty day moving average of $24.91 and a two-hundred day moving average of $24.64. The company has a market cap of $71.12 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.83 and a beta of 0.57.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. As a group, analysts predict that Equinor ASA will post 3.46 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.