Dorsey Wright & Associates acquired a new stake in Equinor ASA (NYSE:EQNR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 215,317 shares of the company’s stock, valued at approximately $6,072,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in Equinor ASA in the 2nd quarter valued at approximately $118,000. CIBC Private Wealth Group LLC bought a new position in Equinor ASA in the 2nd quarter valued at approximately $156,000. Baker Ellis Asset Management LLC bought a new position in Equinor ASA in the 2nd quarter valued at approximately $161,000. Hall Laurie J Trustee bought a new position in Equinor ASA in the 2nd quarter valued at approximately $162,000. Finally, NumerixS Investment Technologies Inc bought a new position in Equinor ASA in the 2nd quarter valued at approximately $163,000. 5.17% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on EQNR shares. Berenberg Bank started coverage on shares of Equinor ASA in a research note on Tuesday, September 11th. They set a “hold” rating for the company. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Thursday, July 19th. Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th. Credit Suisse Group lowered shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 19th. Finally, Macquarie upgraded shares of Equinor ASA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 3rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Equinor ASA presently has a consensus rating of “Hold” and a consensus price target of $29.00.
EQNR traded up $0.14 during mid-day trading on Friday, reaching $26.88. 1,278,400 shares of the company traded hands, compared to its average volume of 1,493,239. The firm has a market cap of $93.71 billion, a PE ratio of 19.35, a P/E/G ratio of 0.98 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. Equinor ASA has a 52-week low of $19.74 and a 52-week high of $28.93.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $18.14 billion during the quarter. Equinor ASA had a net margin of 6.69% and a return on equity of 13.09%. As a group, research analysts forecast that Equinor ASA will post 1.87 EPS for the current fiscal year.
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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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