TRUE Private Wealth Advisors Invests $36,000 in Equinor ASA (NYSE:EQNR)

TRUE Private Wealth Advisors acquired a new stake in shares of Equinor ASA (NYSE:EQNR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,824 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in Equinor ASA by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 17,434 shares of the company’s stock valued at $383,000 after purchasing an additional 481 shares during the period. Private Capital Group LLC grew its holdings in Equinor ASA by 27.0% during the first quarter. Private Capital Group LLC now owns 2,640 shares of the company’s stock valued at $58,000 after purchasing an additional 561 shares during the period. Raymond James Trust N.A. grew its holdings in Equinor ASA by 6.6% during the second quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock valued at $200,000 after purchasing an additional 629 shares during the period. BTIM Corp. grew its holdings in Equinor ASA by 0.7% during the first quarter. BTIM Corp. now owns 93,710 shares of the company’s stock valued at $2,059,000 after purchasing an additional 675 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in shares of Equinor ASA by 3.7% in the second quarter. Confluence Investment Management LLC now owns 39,459 shares of the company’s stock valued at $780,000 after buying an additional 1,395 shares during the period. Hedge funds and other institutional investors own 5.53% of the company’s stock.

Shares of Equinor ASA stock traded up $0.13 on Friday, hitting $16.55. The company had a trading volume of 1,690,300 shares, compared to its average volume of 1,841,657. The firm has a market capitalization of $55.09 billion, a P/E ratio of 8.19 and a beta of 0.92. Equinor ASA has a twelve month low of $16.24 and a twelve month high of $28.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.25. The stock has a 50-day moving average of $18.57 and a 200-day moving average of $20.93.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The business had revenue of $17.10 billion during the quarter. Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. Equities analysts predict that Equinor ASA will post 1.56 EPS for the current year.

Several research analysts have recently weighed in on EQNR shares. Banco Santander upgraded shares of Equinor ASA to a “hold” rating in a report on Monday, June 17th. Zacks Investment Research cut shares of Equinor ASA from a “hold” rating to a “strong sell” rating in a report on Saturday, August 10th. Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Monday, July 1st. Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 1st. Finally, ValuEngine cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.77.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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