Equinor ASA (NYSE:EQNR) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in Equinor ASA (NYSE:EQNR) by 7,586.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,306 shares of the company’s stock after acquiring an additional 2,276 shares during the period. Assetmark Inc.’s holdings in Equinor ASA were worth $61,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQNR. LPL Financial LLC increased its position in shares of Equinor ASA by 82.4% in the fourth quarter. LPL Financial LLC now owns 52,019 shares of the company’s stock worth $1,232,000 after acquiring an additional 23,492 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Equinor ASA by 30.1% during the 4th quarter. JPMorgan Chase & Co. now owns 122,652 shares of the company’s stock valued at $2,906,000 after purchasing an additional 28,385 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Equinor ASA by 6.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 32,560 shares of the company’s stock valued at $771,000 after purchasing an additional 1,937 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Equinor ASA during the 4th quarter valued at $465,000. Finally, Wedbush Securities Inc. grew its holdings in Equinor ASA by 245.7% during the 4th quarter. Wedbush Securities Inc. now owns 27,344 shares of the company’s stock valued at $648,000 after purchasing an additional 19,434 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.9%

Equinor ASA stock opened at $25.23 on Tuesday. The firm’s 50-day moving average is $25.70 and its 200-day moving average is $24.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.29. The company has a market cap of $74.29 billion, a P/E ratio of 8.38, a PEG ratio of 0.87 and a beta of 0.59.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. The business had revenue of $25.12 billion during the quarter, compared to the consensus estimate of $23.88 billion. On average, equities analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EQNR shares. Royal Bank Of Canada lowered shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, April 22nd. Hsbc Global Res lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Redburn Atlantic lowered shares of Equinor ASA from a “buy” rating to a “sell” rating in a report on Wednesday, April 23rd. TD Cowen lowered their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Finally, Morgan Stanley lowered shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target for the company. in a report on Monday, May 12th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Equinor ASA presently has an average rating of “Hold” 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.