TD Private Client Wealth LLC Lowers Stock Holdings in Equinor ASA $EQNR

TD Private Client Wealth LLC decreased its position in shares of Equinor ASA (NYSE:EQNR) by 7.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,239 shares of the company’s stock after selling 547 shares during the quarter. TD Private Client Wealth LLC’s holdings in Equinor ASA were worth $182,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Unified Investment Management lifted its stake in shares of Equinor ASA by 3.0% during the 2nd quarter. Unified Investment Management now owns 24,513 shares of the company’s stock valued at $616,000 after buying an additional 707 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Equinor ASA by 89.5% during the 2nd quarter. GAMMA Investing LLC now owns 4,463 shares of the company’s stock valued at $112,000 after buying an additional 2,108 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Equinor ASA during the 2nd quarter valued at $331,000. Farther Finance Advisors LLC lifted its stake in shares of Equinor ASA by 325.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 28,803 shares of the company’s stock valued at $724,000 after buying an additional 22,034 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Equinor ASA by 6.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 15,431 shares of the company’s stock valued at $396,000 after buying an additional 982 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 3rd. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. JPMorgan Chase & Co. downgraded shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. UBS Group downgraded shares of Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. Finally, Hsbc Global Res downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $22.71.

Equinor ASA Stock Performance

Equinor ASA stock opened at $25.52 on Monday. The company’s 50-day moving average price is $24.85 and its 200-day moving average price is $24.69. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.26. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The company has a market cap of $75.13 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.89 and a beta of 0.57.

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