Legacy Wealth Asset Management LLC Sells 14,271 Shares of Equinor ASA (NYSE:EQNR)

Legacy Wealth Asset Management LLC decreased its position in Equinor ASA (NYSE:EQNR) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,966 shares of the company’s stock after selling 14,271 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Equinor ASA were worth $970,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mediolanum International Funds Ltd bought a new position in shares of Equinor ASA in the 3rd quarter worth about $6,203,000. Public Employees Retirement System of Ohio purchased a new position in Equinor ASA in the 3rd quarter worth about $3,685,000. Wellington Management Group LLP raised its holdings in shares of Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after purchasing an additional 132,157 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Equinor ASA during the 3rd quarter valued at $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Equinor ASA in the third quarter valued at about $2,305,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on EQNR shares. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Monday. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Trading Down 2.2 %

Shares of EQNR opened at $25.10 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average is $23.84 and its two-hundred day moving average is $25.23. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.49. The stock has a market cap of $70.08 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period in the previous year, the business posted $0.92 EPS. Research analysts forecast that Equinor ASA will post 3.36 earnings per share for the current fiscal 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.