Legacy Wealth Asset Management LLC Sells 28,803 Shares of Equinor ASA $EQNR

Legacy Wealth Asset Management LLC lowered its stake in shares of Equinor ASA (NYSE:EQNR) by 54.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EQNR. Citigroup Inc. boosted its position in Equinor ASA by 8,986.2% during the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the period. Goldman Sachs Group Inc. boosted its position in Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock worth $100,630,000 after purchasing an additional 572,193 shares during the period. Voya Investment Management LLC bought a new stake in Equinor ASA during the first quarter worth approximately $7,459,000. Quantbot Technologies LP lifted its holdings in shares of Equinor ASA by 734.4% during the first quarter. Quantbot Technologies LP now owns 261,708 shares of the company’s stock worth $6,922,000 after buying an additional 230,344 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Equinor ASA by 329.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 237,424 shares of the company’s stock worth $6,280,000 after buying an additional 182,113 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $23.22 on Wednesday. The business has a fifty day simple moving average of $24.37 and a 200 day simple moving average of $24.52. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $68.38 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.83 and a beta of 0.52. Equinor ASA has a one year low of $21.41 and a one year high of $28.26.

Equinor ASA (NYSE:EQNR) last issued 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 firm 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%. Sell-side analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. JPMorgan Chase & Co. lowered Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, DZ Bank lowered Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, Equinor ASA presently has a consensus rating of “Reduce” and a consensus price target of $22.71.

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.