Legacy Wealth Asset Management LLC Trims Holdings in Equinor ASA (NYSE:EQNR)

Legacy Wealth Asset Management LLC decreased its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,966 shares of the company's stock after selling 14,271 shares during the period. Legacy Wealth Asset Management LLC's holdings in Equinor ASA were worth $970,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock valued at $45,000 after buying an additional 365 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company's stock valued at $480,000 after acquiring an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after acquiring an additional 543 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Equinor ASA by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company's stock worth $550,000 after acquiring an additional 559 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. raised its holdings in shares of Equinor ASA by 1.2% in the third quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company's stock valued at $2,057,000 after purchasing an additional 1,000 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on EQNR shares. StockNews.com upgraded shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research note on Monday, December 9th. Citigroup raised Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. Berenberg Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Finally, Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Equinor ASA currently has an average rating of "Moderate Buy" and a consensus target price of $29.45.

Equinor ASA Stock Performance

Shares of EQNR traded down $0.12 during mid-day trading on Friday, hitting $24.94. The stock had a trading volume of 3,389,610 shares, compared to its average volume of 3,370,110. Equinor ASA has a 52 week low of $21.85 and a 52 week high of $29.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business has a fifty day moving average price of $23.88 and a 200-day moving average price of $25.23. The firm has a market cap of $69.65 billion, a P/E ratio of 7.65, a PEG ratio of 1.31 and a beta of 0.84.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion for the quarter, compared to analysts' expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the previous year, the business posted $0.92 EPS. On average, equities research analysts expect that Equinor ASA will post 3.36 EPS for the current 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.