Earnest Partners LLC lowered its stake in Equinor ASA (NYSE:EQNR) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,714,583 shares of the company’s stock after selling 41,994 shares during the quarter. Equinor ASA comprises about 1.0% of Earnest Partners LLC’s portfolio, making the stock its 25th biggest holding. Earnest Partners LLC’s holdings in Equinor ASA were worth $113,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. TRUE Private Wealth Advisors acquired a new stake in Equinor ASA in the second quarter valued at approximately $36,000. FinTrust Capital Advisors LLC grew its position in Equinor ASA by 713.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,195 shares of the company’s stock valued at $83,000 after buying an additional 3,679 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Equinor ASA by 6.6% in the second quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock valued at $200,000 after acquiring an additional 629 shares during the period. LPL Financial LLC lifted its holdings in Equinor ASA by 11.7% in the second quarter. LPL Financial LLC now owns 11,156 shares of the company’s stock valued at $221,000 after acquiring an additional 1,172 shares during the period. Finally, Blackhawk Capital Partners LLC. acquired a new stake in Equinor ASA in the second quarter valued at $222,000. 5.73% of the stock is currently owned by institutional investors.
Shares of NYSE EQNR opened at $19.39 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43. The firm has a market cap of $63.30 billion, a price-to-earnings ratio of 9.60 and a beta of 0.93. The business’s 50-day simple moving average is $17.35 and its 200-day simple moving average is $20.23. Equinor ASA has a 52 week low of $16.24 and a 52 week high of $28.93.
Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. The firm had revenue of $17.10 billion during the quarter. As a group, equities research analysts forecast that Equinor ASA will post 1.56 earnings per share for the current year.
A number of research firms recently commented on EQNR. Zacks Investment Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Credit Suisse Group upgraded Equinor ASA from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 4th. Sanford C. Bernstein raised Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Monday, July 1st. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Banco Santander raised Equinor ASA to a “hold” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Equinor ASA currently has an average rating of “Hold” and a consensus target price of $24.77.
Equinor ASA Company Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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