CWA Asset Management Group LLC Purchases Shares of 52,881 Equinor ASA (NYSE:EQNR)

CWA Asset Management Group LLC bought a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,881 shares of the company's stock, valued at approximately $1,253,000.

A number of other large investors have also added to or reduced their stakes in EQNR. International Assets Investment Management LLC bought a new position in Equinor ASA during the third quarter worth about $1,933,000. Cetera Investment Advisers grew its position in shares of Equinor ASA by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company's stock worth $1,991,000 after purchasing an additional 24,052 shares in the last quarter. GSA Capital Partners LLP bought a new position in Equinor ASA during the 3rd quarter worth $2,509,000. Truist Financial Corp lifted its position in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company's stock valued at $397,000 after acquiring an additional 1,167 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Equinor ASA by 52.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company's stock worth $2,183,000 after purchasing an additional 29,516 shares in the last quarter. Institutional investors own 5.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EQNR shares. Redburn Atlantic upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. Citigroup upgraded Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley raised Equinor ASA from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $25.80 to $30.90 in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinor ASA currently has a consensus rating of "Moderate Buy" and an average target price of $29.45.

Equinor ASA Price Performance

Shares of EQNR traded down $0.55 during trading hours on Wednesday, reaching $25.30. The stock had a trading volume of 3,195,907 shares, compared to its average volume of 3,291,859. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $30.89. The stock has a market capitalization of $70.66 billion, a PE ratio of 7.76, a PEG ratio of 1.20 and a beta of 0.84. The company's 50-day moving average is $23.61 and its two-hundred day moving average is $25.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The business had revenue of $25.45 billion during the quarter, compared to analysts' expectations of $24.45 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Research analysts expect that Equinor ASA will post 3.35 EPS for the current year.

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.