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

Advisors Asset Management Inc. increased its holdings in shares of Equinor ASA (NYSE:EQNR) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EQNR. EverSource Wealth Advisors LLC grew its stake in shares of Equinor ASA by 27.1% during the 2nd 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 during the period. Crossmark Global Holdings Inc. grew its position in Equinor ASA by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock valued at $1,618,000 after acquiring an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock worth $480,000 after acquiring an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after acquiring an additional 543 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Equinor ASA by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after purchasing an additional 559 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Down 0.9 %

Shares of Equinor ASA stock opened at $24.67 on Friday. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.24. The company has a market capitalization of $68.90 billion, a PE 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. The business has a 50-day moving average of $24.58 and a 200-day moving average of $26.35.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The company 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 previous year, the business earned $0.92 EPS. As a group, equities analysts forecast that Equinor ASA will post 3.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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