Northwest Investment Counselors LLC Takes $113,000 Position in Equinor ASA (NYSE:EQNR)

Northwest Investment Counselors LLC acquired a new stake in Equinor ASA (NYSE:EQNR) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,186 shares of the company’s stock, valued at approximately $113,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EQNR. International Assets Investment Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at $840,000. Wellington Management Group LLP grew its stake in shares of Equinor ASA by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after buying an additional 134,688 shares in the last quarter. Jump Financial LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at $3,541,000. Pacer Advisors Inc. grew its stake in shares of Equinor ASA by 25.2% in the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after buying an additional 139,952 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Equinor ASA by 39.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after buying an additional 295,162 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EQNR shares. TD Cowen started coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price for the company. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.25.

Equinor ASA Trading Up 2.3 %

EQNR stock opened at $28.15 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The company has a fifty day moving average price of $27.86 and a two-hundred day moving average price of $28.09. Equinor ASA has a one year low of $24.44 and a one year high of $34.73. The stock has a market cap of $82.89 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 3.57 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.18. The company had revenue of $25.14 billion during the quarter, compared to analysts’ expectations of $25.03 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. Equities analysts anticipate that Equinor ASA will post 3.55 EPS for the current year.

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.