1,233 Shares in Equinor ASA (NYSE:EQNR) Bought by Reston Wealth Management LLC

Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA (NYSE:EQNR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,233 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds have also modified their holdings of EQNR. Atwood & Palmer Inc. purchased a new position in Equinor ASA during the second quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Equinor ASA in the second quarter valued at $51,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on EQNR. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays raised shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a report on Monday, October 14th. TD Cowen dropped their target price on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Price Performance

NYSE:EQNR opened at $23.27 on Friday. Equinor ASA has a one year low of $23.24 and a one year high of $33.91. The stock has a market cap of $64.99 billion, a PE ratio of 7.14, a P/E/G ratio of 5.42 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The stock has a 50 day moving average price of $25.27 and a 200 day moving average price of $26.75.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter in the previous year, the company posted $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.26 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.