Naviter Wealth LLC Has $738,000 Stock Position in Equinor ASA (NYSE:EQNR)

Naviter Wealth LLC trimmed its stake in shares of Equinor ASA (NYSE:EQNR) by 1.8% during the first quarter, Holdings Channel reports. The firm owned 27,304 shares of the company’s stock after selling 505 shares during the period. Naviter Wealth LLC’s holdings in Equinor ASA were worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Equinor ASA in the 4th quarter worth approximately $840,000. Wellington Management Group LLP raised its position in Equinor ASA by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after purchasing an additional 134,688 shares during the last quarter. Jump Financial LLC bought a new position in Equinor ASA in the 4th quarter worth approximately $3,541,000. Pacer Advisors Inc. raised its position in Equinor ASA by 25.2% in the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock worth $21,983,000 after purchasing an additional 139,952 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Equinor ASA by 39.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock worth $33,105,000 after acquiring an additional 295,162 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQNR has been the subject of a number of analyst reports. TD Cowen initiated coverage on shares of Equinor ASA in a report on Wednesday, April 24th. They set a “hold” rating and a $28.00 target price for the company. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Price Performance

Shares of EQNR stock opened at $28.46 on Wednesday. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73. The firm has a market capitalization of $83.81 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 3.76 and a beta of 0.84. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $27.96 and a 200-day moving average of $28.00.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $25.14 billion during the quarter, compared to analyst estimates of $25.03 billion. On average, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share 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.