Advisors Asset Management Inc. Boosts Holdings in Equinor ASA (NYSE:EQNR)

Advisors Asset Management Inc. grew its position in shares of Equinor ASA (NYSE:EQNR) by 13.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,347 shares of the company’s stock after buying an additional 13,179 shares during the quarter. Advisors Asset Management Inc.’s holdings in Equinor ASA were worth $2,744,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in Equinor ASA during the second quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of Equinor ASA during the 2nd quarter worth approximately $32,000. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Equinor ASA by 27.1% in the second 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Equinor ASA in the second quarter valued at approximately $51,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EQNR shares. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays raised shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a report on Monday, October 14th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Trading Down 0.9 %

Shares of Equinor ASA stock opened at $24.67 on Friday. The business has a 50 day moving average price of $24.58 and a 200 day moving average price of $26.35. The company has a market capitalization of $68.90 billion, a P/E ratio of 7.57, a P/E/G ratio of 5.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.92 earnings per share. Sell-side analysts anticipate that Equinor ASA will post 3.31 EPS for the current fiscal 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.