Frank Rimerman Advisors LLC Buys New Position in Equinor ASA (NYSE:EQNR)

Key Points

• Frank Rimerman Advisors LLC has invested approximately $730,000 in Equinor ASA by acquiring 27,583 shares during the first quarter.
• Equinor ASA's stock has recently experienced a 1.2% decline and currently trades at $24.50, with a market cap of $72.15 billion.
• Equinor ASA's recent earnings report showed earnings per share of $0.64, missing the consensus estimate of $0.66, with revenue exceeding analyst expectations at $25.12 billion.

Frank Rimerman Advisors LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,583 shares of the company's stock, valued at approximately $730,000.

Several other large investors have also bought and sold shares of the stock. Mission Wealth Management LP grew its holdings in Equinor ASA by 4.5% during the 1st quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock valued at $324,000 after buying an additional 522 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Equinor ASA by 34.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock valued at $58,000 after buying an additional 556 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Equinor ASA by 9.7% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the company's stock valued at $182,000 after buying an additional 596 shares in the last quarter. GAMMA Investing LLC grew its holdings in Equinor ASA by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock valued at $62,000 after buying an additional 629 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of Equinor ASA by 8.8% during the first quarter. Choreo LLC now owns 10,322 shares of the company's stock worth $273,000 after purchasing an additional 834 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Trading Down 0.3%

EQNR stock traded down $0.08 during midday trading on Thursday, hitting $24.52. The company had a trading volume of 2,570,237 shares, compared to its average volume of 4,376,336. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The stock's 50 day moving average price is $25.79 and its 200 day moving average price is $24.43. The stock has a market cap of $72.19 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.84 and a beta of 0.59.

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 for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The company had revenue of $25.12 billion during the quarter, compared to the consensus estimate of $23.88 billion. As a group, equities research analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a report on Tuesday, July 1st. Royal Bank Of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. Kepler Capital Markets lowered Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday. Finally, Redburn Atlantic lowered Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Six research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of "Hold" and an average price target of $22.71.

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.