Cambiar Investors LLC Decreases Holdings in Equinor ASA (NYSE:EQNR)

Cambiar Investors LLC lowered its stake in shares of Equinor ASA (NYSE:EQNR) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,402 shares of the company’s stock after selling 6,841 shares during the period. Cambiar Investors LLC’s holdings in Equinor ASA were worth $14,322,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. purchased a new stake in shares of Equinor ASA during the second quarter worth $25,000. Reston Wealth Management LLC acquired a new stake in Equinor ASA in the 3rd quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in Equinor ASA in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its stake in Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.9 %

Shares of EQNR stock opened at $23.27 on Friday. Equinor ASA has a 1-year low of $23.24 and a 1-year high of $33.91. The firm has a market cap of $64.99 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 5.18 and a beta of 0.84. The company has a 50-day moving average of $25.27 and a two-hundred day moving average of $26.75. 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 (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter last year, the firm earned $0.92 EPS. On average, analysts predict that Equinor ASA will post 3.26 EPS for the current year.

Analysts Set New Price Targets

EQNR has been the topic of a number of recent research reports. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 29th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays upgraded shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, TD Cowen cut their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Company 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.