International Assets Investment Management LLC Purchases New Stake in Equinor ASA (NYSE:EQNR)

International Assets Investment Management LLC acquired a new position in Equinor ASA (NYSE:EQNR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 76,294 shares of the company’s stock, valued at approximately $1,933,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Milestone Asset Management LLC bought a new position in shares of Equinor ASA during the second quarter worth about $794,000. Cetera Investment Advisers raised its holdings in shares of Equinor ASA by 52.7% during the second 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 last quarter. US Bancorp DE grew its holdings in Equinor ASA by 228.5% in the 1st quarter. US Bancorp DE now owns 161,639 shares of the company’s stock worth $4,369,000 after buying an additional 112,438 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Equinor ASA by 90.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock valued at $1,205,000 after acquiring an additional 21,130 shares during the period. Finally, Virtu Financial LLC bought a new stake in Equinor ASA during the 1st quarter valued at $670,000. Institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQNR. Barclays upgraded shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lowered their price objective on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Equinor ASA currently has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Trading Down 0.9 %

Shares of EQNR opened at $23.28 on Monday. The business’s 50-day moving average price is $25.27 and its 200 day moving average price is $26.74. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $65.02 billion, a P/E ratio of 7.14, a P/E/G ratio of 5.18 and a beta of 0.84. Equinor ASA has a 1-year low of $23.24 and a 1-year high of $33.91.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping 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 net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the firm posted $0.92 earnings per share. Analysts expect that Equinor ASA will post 3.26 earnings per share for the current year.

Equinor ASA 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.