Strategic Advisers LLC has recently announced that it has increased stake in Equinor ASA ADR (NYSE:EQNR) by 8.49%. After grabbing 4.67 million shares, the institutional investor is now in possession of 0.37 million shares of the Energy Company. The new investment brought the stake of investor firm to 0.16% having worth around $155.91 million. Moreover, Wellington Management Co. LLP increased its share by 0.13 million to have a control over 2.77 million shares. And FIAM LLC raised its holdings to 0.13 million shares by acquiring 2.25 million shares or 0.08% of the stake.
Equinor ASA ADR (EQNR) concluded trading on 12/07/23 at a closing price of $30.35, with 3.36 million shares of worth about $101.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.62% during that period and on Thursday the price saw a gain of about 1.91%. Currently the company’s common shares owned by public are about 3.13B shares, out of which, 2.96B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the EQNR stock and their offered price forecasts bring an average price target of $38.38. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $42.60 and could fall to a lowest price of $33.30. The stock’s current price level is 20.92% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.86% for the stock. However, touching the estimated high of $42.60 would mean a gain of 28.76% for the stock.
Fidelity Series Value Discovery F, Fidelity Strategic Advisers US To, and BNY Mellon Natural Resources Fund are the top 3 mutual funds which are holding stakes in Equinor ASA ADR Fidelity Series Value Discovery F is currently holding 2.27 million shares of worth totaling $75.71 million. The company recently came selling 31200.0 shares which brought its stake up to 0.08% of the company’s outstanding shares. Fidelity Strategic Advisers US To bought 89800.0 shares, after which its hold over company’s outstanding shares expand to 0.06%, leaving 1.67 million shares with the mutual fund that have a worth of about $55.71 million. BNY Mellon Natural Resources Fund, after buying 0.8 million shares, have now control over 0.03% of the stake in the company. It holds 0.0 shares of worth $26.53 million.
Equinor ASA ADR (NYSE: EQNR) started trading at $30.55, above $0.77 from concluding price of the previous day. However, the stock later moved at a day high price of 30.72, or with a gain of 1.91%. Stock saw a price change of -4.77% in past 5 days and over the past one month there was a price change of -3.88%. Year-to-date (YTD), EQNR shares are showing a performance of -8.17% which decreased to -8.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.31 but also hit the highest price of $35.05 during that period. The average intraday trading volume for Equinor ASA ADR shares is 2.58 million. The stock is currently trading -5.12% below its 20-day simple moving average (SMA20), while that difference is down -6.21% for SMA50 and it goes to 3.26% higher than SMA200.
Strategic Advisers LLC acquired 4.67 million shares of Equinor ASA ADR having value of about $155.91 million. Data submitted at the U.S SEC by Strategic Advisers LLC revealed that the firm now holds 0.37 million shares in the company valued at close to $11096293.85, or have control over 8.49% stake in the company. Equinor ASA ADR (NYSE: EQNR) currently have 3.13B outstanding shares and institutions hold larger chunk of about 2.03% of that. Holding of mutual funds in the company is about 0.39% while other institutional holders and individual stake holders have control over 1.61% and — of the stake respectively.
The stock has a current market capitalization of $89.98B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 5.48, while it has posted earnings per share of $5.54 in the same period. Its PEG reads 0.94 and has Quick Ratio of 1.66 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQNR, volatility over the week remained 1.64% while standing at 1.72% over the month.
Analysts are in expectations that Equinor ASA ADR (EQNR) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -45.28% while it is estimated to increase by 4.68% in next year. EPS is likely to shrink at an annualized rate of 5.80% for next 5-years, compared to annual growth of 45.27% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Equinor ASA ADR (EQNR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 5 Wall Street analysts, 3 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
