Marshall Wace North America L.P. reduced its holdings in shares of Equinor ASA (NYSE:EQNR) by 88.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,456 shares of the company’s stock after selling 170,136 shares during the quarter. Marshall Wace North America L.P.’s holdings in Equinor ASA were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its stake in Equinor ASA by 332.6% in the 1st quarter. Lazard Asset Management LLC now owns 2,725,421 shares of the company’s stock worth $59,877,000 after acquiring an additional 2,095,354 shares during the period. U S Global Investors Inc. acquired a new position in shares of Equinor ASA in the 1st quarter valued at $549,000. Jennison Associates LLC boosted its holdings in shares of Equinor ASA by 14.3% in the 1st quarter. Jennison Associates LLC now owns 678,524 shares of the company’s stock valued at $14,907,000 after purchasing an additional 84,679 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Equinor ASA by 117.8% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 37,919 shares of the company’s stock valued at $833,000 after purchasing an additional 20,507 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Equinor ASA by 87.5% in the 1st quarter. Federated Investors Inc. PA now owns 400,186 shares of the company’s stock valued at $8,792,000 after purchasing an additional 186,787 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on EQNR. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Sanford C. Bernstein raised shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Monday, July 1st. Zacks Investment Research lowered shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Santander raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, HSBC lowered shares of Zurich Insurance Group from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.77.
Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The firm had revenue of $16.41 billion for the quarter. Equinor ASA had a net margin of 10.46% and a return on equity of 15.79%. As a group, analysts expect that Equinor ASA will post 1.69 EPS for the current year.
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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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