9,327 Shares in Equinor ASA $EQNR Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new position in shares of Equinor ASA (NYSE:EQNR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,327 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in Equinor ASA in the first quarter valued at approximately $53,000. Wayfinding Financial LLC purchased a new stake in Equinor ASA in the first quarter valued at approximately $54,000. Headlands Technologies LLC purchased a new stake in Equinor ASA in the first quarter valued at approximately $57,000. Finally, Bruce G. Allen Investments LLC lifted its stake in Equinor ASA by 34.1% in the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company’s stock valued at $58,000 after buying an additional 556 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analysts Set New Price Targets

EQNR has been the subject of a number of research reports. Berenberg Bank cut Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price objective for the company. in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Pareto Securities cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. UBS Group cut Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 1st. Finally, Barclays lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Stock Performance

Equinor ASA stock opened at $24.41 on Tuesday. The stock’s 50-day moving average is $25.08 and its 200-day moving average is $24.59. The company has a market cap of $71.87 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.83 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $25.12 billion during the quarter, compared to analysts’ expectations of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. Equities analysts anticipate 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.