Crossmark Global Holdings Inc. Sells 894 Shares of Equinor ASA (NYSE:EQNR)

Crossmark Global Holdings Inc. decreased its position in Equinor ASA (NYSE:EQNR) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,280 shares of the company’s stock after selling 894 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equinor ASA were worth $2,021,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in Equinor ASA in the 4th quarter worth about $245,000. Brooklyn Investment Group bought a new position in Equinor ASA during the 4th quarter valued at about $61,000. Ritholtz Wealth Management lifted its stake in Equinor ASA by 60.1% during the 4th quarter. Ritholtz Wealth Management now owns 157,810 shares of the company’s stock valued at $3,739,000 after acquiring an additional 59,254 shares during the period. Aprio Wealth Management LLC bought a new position in Equinor ASA during the 4th quarter valued at about $317,000. Finally, CWA Asset Management Group LLC bought a new position in Equinor ASA during the 4th quarter valued at about $1,253,000. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinor ASA has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Price Performance

NYSE EQNR opened at $24.23 on Friday. The company has a 50-day moving average price of $24.04 and a 200-day moving average price of $25.09. The firm has a market capitalization of $67.66 billion, a P/E ratio of 7.43, a PEG ratio of 1.21 and a beta of 0.84. Equinor ASA has a 52 week low of $21.85 and a 52 week high of $29.49. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its earnings results 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 during 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 period in the prior year, the firm posted $0.92 EPS. Equities research analysts anticipate that Equinor ASA will post 3.29 earnings per share for the current 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.