Northern Trust Corp Acquires Shares of 1,928,227 Equinor ASA (EQNR)

Northern Trust Corp acquired a new stake in Equinor ASA (NYSE:EQNR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,928,227 shares of the company’s stock, valued at approximately $50,924,000. Northern Trust Corp owned about 0.06% of Equinor ASA as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Folketrygdfondet bought a new stake in shares of Equinor ASA during the second quarter worth $3,042,083,000. Renaissance Technologies LLC bought a new stake in shares of Equinor ASA during the second quarter worth $243,319,000. FMR LLC bought a new stake in shares of Equinor ASA during the second quarter worth $166,549,000. Earnest Partners LLC bought a new stake in shares of Equinor ASA during the second quarter worth $154,133,000. Finally, Bank of America Corp DE bought a new stake in shares of Equinor ASA during the second quarter worth $56,964,000. Hedge funds and other institutional investors own 5.17% of the company’s stock.

Shares of Equinor ASA stock opened at $26.88 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. Equinor ASA has a 12 month low of $19.74 and a 12 month high of $28.93. The firm has a market cap of $93.71 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.98 and a beta of 0.90.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. The business had revenue of $18.14 billion during the quarter. As a group, equities research analysts anticipate that Equinor ASA will post 1.87 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on EQNR shares. Sanford C. Bernstein cut Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th. Credit Suisse Group cut Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 19th. Zacks Investment Research raised Equinor ASA from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, July 19th. Macquarie raised Equinor ASA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 3rd. Finally, Barclays raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Equinor ASA currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Equinor ASA 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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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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