Peapack Gladstone Financial Corp Sells 760 Shares of Equinor ASA (NYSE:EQNR)

Peapack Gladstone Financial Corp cut its position in shares of Equinor ASA (NYSE:EQNR) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,571 shares of the company’s stock after selling 760 shares during the period. Peapack Gladstone Financial Corp’s holdings in Equinor ASA were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of EQNR. Rothschild Investment LLC purchased a new position in shares of Equinor ASA during the second quarter valued at $32,000. Reston Wealth Management LLC bought a new stake in shares of Equinor ASA in the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Equinor ASA in the 2nd quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings 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. 5.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Price Performance

Shares of EQNR stock opened at $22.35 on Tuesday. The firm has a market capitalization of $62.42 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.20 and a beta of 0.84. 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’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $25.82. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same quarter in the prior year, the business posted $0.92 EPS. As a group, equities analysts forecast that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

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.