Northern Trust Corp Sells 42,375 Shares of Equinor ASA $EQNR

Northern Trust Corp decreased its holdings in shares of Equinor ASA (NYSE:EQNR) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 808,937 shares of the company’s stock after selling 42,375 shares during the quarter. Northern Trust Corp’s holdings in Equinor ASA were worth $21,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

EQNR has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Morgan Stanley lowered shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target for the company. in a research report on Monday, May 12th. Barclays lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. UBS Group lowered shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. Finally, Berenberg Bank lowered shares of Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price target for the company. in a research report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $22.71.

Equinor ASA Stock Up 0.6%

Shares of NYSE:EQNR opened at $24.63 on Tuesday. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $28.26. The firm has a fifty day moving average of $25.29 and a 200 day moving average of $24.51. The firm has a market capitalization of $72.51 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.84 and a beta of 0.57. 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 (NYSE:EQNR) last announced its earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The company had revenue of $25.12 billion during the quarter, compared to analysts’ expectations of $23.88 billion. As a group, research analysts anticipate 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.