Strategic Advisers LLC recently announced the acquisition of new stake in Equinor ASA ADR (NYSE:EQNR). The institutional investor has increased its shareholding in the Energy company by 8.49% to 4.67 million shares with purchase of 0.37 million shares. This fresh investment now brings its stake to 0.16% valued currently at $148.9 million. In addition, Wellington Management Co. LLP raised its holdings by 0.13 million to 2.77 million shares. And FIAM LLC has lifted its position by 5.96% or 0.13 million shares – to 2.25 million shares.
With over 4.08 million Equinor ASA ADR (EQNR) shares trading Tuesday and a closing price of $30.58 on the day, the dollar volume was approximately $124.79 million. The shares have shown a positive half year performance of 6.36% and its price on 01/09/24 lost nearly -1.42%. Currently, there are 3.13B common shares owned by the public and among those 2.96B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for EQNR have a consensus price objective of $33.65. The analysts have set the share’s price value over the next 12 months at a high of $48.22 and a low of $23.76. The average price target is 17.8% above its recent price level and a downside to the estimated low will see the stock lose -28.7% over that period. But an upside of 36.58% will see the stock hit the forecast high price target while median target price for the stock is $34.40.
The top 3 mutual fund holders in Equinor ASA ADR are Fidelity Series Value Discovery F, Fidelity Strategic Advisers US To, and EARNEST Partners International Fu. Fidelity Series Value Discovery F owns 2.27 million shares of the company’s stock, all valued at over $72.37 million. The company bought an additional 28300.0 shares recently to bring their total holdings to about 0.08% of the shares outstanding. Fidelity Strategic Advisers US To bought 21200.0 shares to see its total holdings expand to 1.77 million shares valued at over $56.57 million and representing 0.06% of the shares outstanding. EARNEST Partners International Fu bought 36407.0 shares to bring its total holdings to over 0.8 million shares at a value of $25.55 million. EARNEST Partners International Fu now owns shares totaling to 0.03% of the shares outstanding.
Shares of Equinor ASA ADR (NYSE: EQNR) opened at $30.89, down -$0.13 from a prior closing price of $31.02. However, the script later moved the day high at 30.89, down -1.42%. The company’s stock has a 5-day price change of -2.86% and -6.69% over the past three months. EQNR shares are trading -3.35% year to date (YTD), with the 12-month market performance up to 3.99% higher. It has a 12-month low price of $24.31 and touched a high of $34.11 over the same period. EQNR has an average intraday trading volume of 2.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.74%, -4.00%, and 2.75% respectively.
Institutional ownership of Equinor ASA ADR (NYSE: EQNR) shares accounts for 2.03% of the company’s 3.13B shares outstanding. Mutual fund holders own 0.40%, while other institutional holders and individual stakeholders account for 1.60% and — respectively.
It has a market capitalization of $90.66B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 5.52, while the earnings-per-share (ttm) stands at $5.54. The company has a PEG of 0.95 and a Quick Ratio of 1.66 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.37% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -45.53%, and -0.13% over the next financial year. EPS should shrink at an annualized rate of 5.80% over the next five years, compared to 45.27% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Equinor ASA ADR (EQNR) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 1 rated it as a “Sell.”
