Peapack Gladstone Financial Corp Reduces Stake in Equinor ASA (NYSE:EQNR)

Peapack Gladstone Financial Corp cut its holdings in shares of Equinor ASA (NYSE:EQNR) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,571 shares of the company’s stock after selling 760 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Equinor ASA were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EQNR. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA in the third quarter worth $31,000. Rothschild Investment LLC purchased a new position in shares of Equinor ASA during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after buying an additional 1,512 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Equinor ASA during the second quarter worth about $51,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Down 3.6 %

Shares of NYSE EQNR opened at $22.35 on Tuesday. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $32.66. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $24.05 and its 200-day simple moving average is $25.82. The firm has a market cap of $62.42 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the previous year, the business earned $0.92 EPS. Equities analysts predict that Equinor ASA will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EQNR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.90.

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.