Euro Pacific Asset Management LLC Sells 3,987 Shares of Equinor ASA (NYSE:EQNR)

Euro Pacific Asset Management LLC reduced its holdings in shares of Equinor ASA (NYSE:EQNR) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,713 shares of the company’s stock after selling 3,987 shares during the period. Equinor ASA makes up 1.3% of Euro Pacific Asset Management LLC’s holdings, making the stock its 29th largest position. Euro Pacific Asset Management LLC’s holdings in Equinor ASA were worth $7,203,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Equinor ASA by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after buying an additional 24,052 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $794,000. International Assets Investment Management LLC purchased a new stake in Equinor ASA in the third quarter valued at $1,933,000. Truist Financial Corp raised its holdings in Equinor ASA by 9.2% in the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after buying an additional 1,167 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Equinor ASA during the 3rd quarter worth approximately $2,509,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

NYSE EQNR opened at $23.96 on Friday. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24. The stock has a market capitalization of $66.92 billion, a P/E ratio of 7.35, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The business’s fifty day moving average is $24.62 and its two-hundred day moving average is $26.46.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 earnings per share. On average, research analysts forecast that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EQNR has been the subject of several research reports. Barclays upgraded shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a report on Monday, October 14th. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.90.

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.