Equinor ASA (NYSE:EQNR) Shares Bought by DRW Securities LLC

DRW Securities LLC increased its stake in Equinor ASA (NYSE:EQNR) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,779 shares of the company’s stock after purchasing an additional 12,198 shares during the quarter. DRW Securities LLC’s holdings in Equinor ASA were worth $1,641,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Equinor ASA in the second quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in Equinor ASA in the third quarter worth about $31,000. Rothschild Investment LLC bought a new stake in Equinor ASA in the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after acquiring an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Price Performance

NYSE EQNR opened at $24.36 on Tuesday. The stock’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $26.31. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $68.03 billion, a PE ratio of 7.47, a PEG ratio of 5.37 and a beta of 0.84. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.19.

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, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the previous year, the company earned $0.92 EPS. On average, analysts predict that Equinor ASA will post 3.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. Finally, Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.90.

Equinor ASA Company 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.