Stifel Financial Corp Buys 12,585 Shares of Equinor ASA (NYSE:EQNR)

Stifel Financial Corp increased its stake in Equinor ASA (NYSE:EQNR) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,475 shares of the company’s stock after buying an additional 12,585 shares during the quarter. Stifel Financial Corp’s holdings in Equinor ASA were worth $1,912,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EQNR. Reston Wealth Management LLC purchased a new position in shares of Equinor ASA during the third quarter valued at approximately $31,000. Rothschild Investment LLC purchased a new stake in Equinor ASA in the second quarter worth $32,000. EverSource Wealth Advisors LLC lifted its holdings in 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 in the last quarter. Bruce G. Allen Investments LLC grew its stake in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Equinor ASA during the second quarter worth approximately $51,000. Institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a report on Monday, October 14th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.90.

Equinor ASA Stock Up 1.7 %

Shares of EQNR stock opened at $22.25 on Friday. The stock’s fifty day moving average price is $23.87 and its 200 day moving average price is $25.72. 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 has a 1-year low of $21.85 and a 1-year high of $32.66. The company has a market cap of $62.14 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84.

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 company 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 quarter in the previous year, the firm earned $0.92 EPS. On average, research analysts expect that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

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.