Kiker Wealth Management LLC Decreases Stock Holdings in Equinor ASA $EQNR

Kiker Wealth Management LLC lessened its holdings in Equinor ASA (NYSE:EQNR) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,871 shares of the company’s stock after selling 1,123 shares during the period. Equinor ASA accounts for approximately 0.9% of Kiker Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Kiker Wealth Management LLC’s holdings in Equinor ASA were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock valued at $26,000 after buying an additional 856 shares during the period. Montag A & Associates Inc. purchased a new position in shares of Equinor ASA in the first quarter valued at $53,000. Wayfinding Financial LLC purchased a new position in shares of Equinor ASA in the first quarter valued at $54,000. Headlands Technologies LLC bought a new position in Equinor ASA during the 1st quarter valued at $57,000. Finally, Assetmark Inc. boosted its holdings in shares of Equinor ASA by 7,586.7% in the 1st quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock valued at $61,000 after buying an additional 2,276 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EQNR. Weiss Ratings raised shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Pareto Securities cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Hsbc Global Res cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $22.71.

Equinor ASA Stock Up 1.3%

Shares of NYSE:EQNR opened at $23.51 on Tuesday. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26. The company’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $24.62. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a market cap of $69.22 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.84 and a beta of 0.52.

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