CWA Asset Management Group LLC Makes New $1.25 Million Investment in Equinor ASA (NYSE:EQNR)

CWA Asset Management Group LLC bought a new stake in Equinor ASA (NYSE:EQNR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 52,881 shares of the company’s stock, valued at approximately $1,253,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Equinor ASA in the 2nd quarter worth approximately $51,000. Ballentine Partners LLC lifted its position in Equinor ASA by 41.7% during the second quarter. Ballentine Partners LLC now owns 13,334 shares of the company’s stock worth $381,000 after buying an additional 3,926 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Equinor ASA by 13.0% during the second quarter. Wedbush Securities Inc. now owns 10,578 shares of the company’s stock worth $302,000 after buying an additional 1,220 shares during the last quarter. Choreo LLC purchased a new stake in Equinor ASA in the 2nd quarter valued at $279,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter worth $209,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 3.6 %

Shares of NYSE EQNR opened at $25.88 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $23.60 and its two-hundred day moving average is $25.33. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $31.02. The firm has a market cap of $72.28 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the business earned $0.92 EPS. Research analysts predict that Equinor ASA will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EQNR shares. Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $25.80 to $30.90 in a report on Tuesday. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.