Kathmere Capital Management LLC Takes $392,000 Position in Equinor ASA (NYSE:EQNR)

Kathmere Capital Management LLC bought a new stake in Equinor ASA (NYSE:EQNR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,822 shares of the company's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also made changes to their positions in EQNR. Jones Financial Companies Lllp raised its stake in Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock valued at $123,000 after acquiring an additional 505 shares during the last quarter. Gallacher Capital Management LLC raised its stake in Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after acquiring an additional 518 shares during the last quarter. Mission Wealth Management LP raised its stake 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 acquiring an additional 522 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake 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 acquiring an additional 556 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock valued at $146,000 after acquiring an additional 593 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of EQNR traded down $0.26 during mid-day trading on Thursday, reaching $25.50. 707,192 shares of the company's stock traded hands, compared to its average volume of 3,770,210. The business's 50-day moving average price is $25.10 and its 200-day moving average price is $24.34. The stock has a market capitalization of $71.20 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.69 and a beta of 0.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.37. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.29.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. Equities analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on EQNR shares. Kepler Capital Markets downgraded Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday, May 20th. Redburn Atlantic cut Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Morgan Stanley cut Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 target price on the stock. in a report on Monday, May 12th. Royal Bank Of Canada cut Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. Finally, UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.