Brown Advisory Inc. Acquires 2,946 Shares of Equinor ASA (NYSE:EQNR)

Brown Advisory Inc. lifted its holdings in shares of Equinor ASA (NYSE:EQNR) by 30.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,609 shares of the company’s stock after purchasing an additional 2,946 shares during the quarter. Brown Advisory Inc.’s holdings in Equinor ASA were worth $334,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in shares of Equinor ASA by 25,853.3% during the 1st quarter. TD Private Client Wealth LLC now owns 7,786 shares of the company’s stock worth $206,000 after acquiring an additional 7,756 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Equinor ASA by 7.9% during the 1st quarter. Bank of New York Mellon Corp now owns 28,310 shares of the company’s stock worth $749,000 after acquiring an additional 2,077 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Equinor ASA during the 1st quarter worth approximately $54,000. Checchi Capital Advisers LLC lifted its holdings in shares of Equinor ASA by 8.7% during the 1st quarter. Checchi Capital Advisers LLC now owns 26,584 shares of the company’s stock worth $703,000 after acquiring an additional 2,136 shares during the period. Finally, Drum Hill Capital LLC lifted its holdings in shares of Equinor ASA by 3.9% during the 1st quarter. Drum Hill Capital LLC now owns 176,461 shares of the company’s stock worth $4,667,000 after acquiring an additional 6,641 shares during the period. 5.51% of the stock is owned by institutional investors.

Equinor ASA Trading Down 2.4%

NYSE:EQNR opened at $25.76 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $71.93 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.68 and a beta of 0.58. The firm has a fifty day simple moving average of $25.04 and a two-hundred day simple moving average of $24.33. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.29.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. Analysts expect that Equinor ASA will post 3.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EQNR. UBS Group downgraded shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 1st. Kepler Capital Markets downgraded shares of Equinor ASA from a “hold” rating to a “reduce” rating in a research note on Tuesday, May 20th. Barclays downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Redburn Atlantic downgraded shares of Equinor ASA from a “buy” rating to a “sell” rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley downgraded shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 target price for the company. in a research note on Monday, May 12th. Five analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.71.

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.