Wealth Enhancement Advisory Services LLC Has $396,000 Position in Equinor ASA $EQNR

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Equinor ASA (NYSE:EQNR) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,431 shares of the company’s stock after buying an additional 982 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equinor ASA were worth $396,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EQNR. Earnest Partners LLC raised its stake in shares of Equinor ASA by 3.4% during the first quarter. Earnest Partners LLC now owns 3,830,699 shares of the company’s stock valued at $101,322,000 after acquiring an additional 124,961 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Equinor ASA by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock valued at $100,630,000 after purchasing an additional 572,193 shares during the period. Citigroup Inc. raised its position in Equinor ASA by 8,986.2% during the 1st quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the last quarter. Sarasin & Partners LLP lifted its holdings in Equinor ASA by 35.0% during the 1st quarter. Sarasin & Partners LLP now owns 547,576 shares of the company’s stock worth $13,870,000 after buying an additional 141,949 shares during the period. Finally, ABC Arbitrage SA grew its position in shares of Equinor ASA by 18.5% in the 1st quarter. ABC Arbitrage SA now owns 452,410 shares of the company’s stock valued at $11,966,000 after buying an additional 70,680 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Performance

Shares of EQNR opened at $25.37 on Tuesday. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company has a market cap of $74.71 billion, a PE ratio of 8.43, a P/E/G ratio of 0.90 and a beta of 0.52. The stock has a 50-day moving average of $24.73 and a 200-day moving average of $24.68. 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 (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The firm had revenue of $25.12 billion during the quarter, compared to the consensus estimate of $23.88 billion. On average, equities research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Equinor ASA in a research report on Saturday, September 27th. Hsbc Global Res downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Pareto Securities lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, Equinor ASA currently has an average rating of “Reduce” and an average price target of $22.71.

About Equinor ASA

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.