Janney Montgomery Scott LLC Grows Stock Holdings in Equinor ASA $EQNR

Janney Montgomery Scott LLC lifted its stake in Equinor ASA (NYSE:EQNR) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,178 shares of the company’s stock after purchasing an additional 658 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Equinor ASA were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new position in shares of Equinor ASA in the 1st quarter valued at approximately $53,000. Wayfinding Financial LLC purchased a new position in shares of Equinor ASA in the 1st quarter valued at approximately $54,000. Headlands Technologies LLC purchased a new position in shares of Equinor ASA in the 1st quarter valued at approximately $57,000. Assetmark Inc. raised its position in shares of Equinor ASA by 7,586.7% in the 1st quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock valued at $61,000 after purchasing an additional 2,276 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Equinor ASA by 36.4% in the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock valued at $62,000 after purchasing an additional 629 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQNR has been the subject of several research analyst reports. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Weiss Ratings raised shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. DZ Bank lowered shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Finally, UBS Group lowered shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $23.12 on Friday. The stock has a market capitalization of $68.08 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.83 and a beta of 0.52. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26. The firm’s 50 day simple moving average is $24.42 and its 200-day simple moving average is $24.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37.

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

About Equinor ASA

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.