Kiker Wealth Management LLC Sells 1,123 Shares of Equinor ASA $EQNR

Kiker Wealth Management LLC lowered its position in shares of Equinor ASA (NYSE:EQNR) by 1.8% in the second quarter, Holdings Channel reports. The institutional investor owned 60,871 shares of the company’s stock after selling 1,123 shares during the period. Equinor ASA makes up about 0.9% of Kiker Wealth Management LLC’s portfolio, making the stock its 27th largest position. Kiker Wealth Management LLC’s holdings in Equinor ASA were worth $1,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Earnest Partners LLC lifted its holdings in shares of Equinor ASA by 3.4% during the first quarter. Earnest Partners LLC now owns 3,830,699 shares of the company’s stock worth $101,322,000 after buying an additional 124,961 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock worth $100,630,000 after purchasing an additional 572,193 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Equinor ASA by 8,986.2% during the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the last quarter. ABC Arbitrage SA boosted its holdings in Equinor ASA by 18.5% in the first quarter. ABC Arbitrage SA now owns 452,410 shares of the company’s stock valued at $11,966,000 after acquiring an additional 70,680 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Equinor ASA by 0.8% in the first quarter. Gabelli Funds LLC now owns 378,000 shares of the company’s stock valued at $9,998,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EQNR shares. Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. UBS Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. DZ Bank lowered Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Finally, Hsbc Global Res downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Stock Up 1.3%

Equinor ASA stock opened at $23.51 on Tuesday. The stock has a market cap of $69.22 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The stock has a fifty day moving average of $24.56 and a 200 day moving average of $24.62. Equinor ASA has a one year low of $21.41 and a one year high of $28.26.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The business had revenue of $25.12 billion during the quarter, compared to the consensus estimate of $23.88 billion. As a group, sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current year.

About Equinor ASA

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.