Advisors Preferred LLC Invests $985,000 in Equinor ASA (NYSE:EQNR)

Advisors Preferred LLC purchased a new position in Equinor ASA (NYSE:EQNR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,584 shares of the company's stock, valued at approximately $985,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EQNR. Charles Schwab Investment Management Inc. raised its stake in Equinor ASA by 62.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company's stock valued at $1,486,000 after purchasing an additional 24,090 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Equinor ASA during the fourth quarter valued at about $909,000. Corient Private Wealth LLC grew its position in shares of Equinor ASA by 8.1% during the fourth quarter. Corient Private Wealth LLC now owns 57,472 shares of the company's stock valued at $1,362,000 after purchasing an additional 4,315 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Equinor ASA by 519.1% during the fourth quarter. Quantbot Technologies LP now owns 31,364 shares of the company's stock valued at $743,000 after purchasing an additional 26,298 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Equinor ASA by 5.6% during the fourth quarter. American Century Companies Inc. now owns 259,506 shares of the company's stock valued at $6,148,000 after purchasing an additional 13,677 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.32 during trading hours on Friday, reaching $25.37. The stock had a trading volume of 3,282,745 shares, compared to its average volume of 3,478,225. The firm has a market capitalization of $70.84 billion, a PE ratio of 8.43, a PEG ratio of 0.73 and a beta of 0.58. The stock's 50 day moving average is $25.43 and its 200 day moving average is $24.40. The company has a current ratio of 1.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.58. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.29.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. Equities analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Barclays lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Kepler Capital Markets downgraded shares of Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. TD Cowen decreased their price objective on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered shares of Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective on the stock. in a report on Monday, May 12th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Equinor ASA currently has an average rating of "Hold" and an average target price of $22.71.

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.