Blair William & Co. IL Decreases Stake in Equinor ASA (NYSE:EQNR)

Blair William & Co. IL cut its holdings in shares of Equinor ASA (NYSE:EQNR) by 19.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,716 shares of the company’s stock after selling 2,167 shares during the quarter. Blair William & Co. IL’s holdings in Equinor ASA were worth $231,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQNR. Barclays PLC acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $1,120,000. Sequoia Financial Advisors LLC acquired a new position in Equinor ASA during the first quarter worth $205,000. Sarasin & Partners LLP grew its holdings in Equinor ASA by 35.0% in the 1st quarter. Sarasin & Partners LLP now owns 547,576 shares of the company’s stock valued at $13,870,000 after buying an additional 141,949 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Equinor ASA in the 4th quarter worth $909,000. Finally, CWA Asset Management Group LLC raised its holdings in shares of Equinor ASA by 30.1% during the 1st quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company’s stock worth $1,820,000 after acquiring an additional 15,910 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EQNR shares. UBS Group downgraded shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 1st. Hsbc Global Res lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Redburn Atlantic lowered Equinor ASA from a “buy” rating to a “sell” rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada downgraded Equinor ASA from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, April 22nd. Finally, Berenberg Bank lowered Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price target on the stock. in a research note on Tuesday, May 20th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.71.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $24.31 on Wednesday. The business’s fifty day moving average price is $25.77 and its two-hundred day moving average price is $24.42. The stock has a market cap of $71.59 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a one year low of $21.41 and a one year high of $28.26.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The company had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. On average, analysts forecast that Equinor ASA will post 3.46 EPS 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.