Folketrygdfondet Has $2.84 Billion Stock Holdings in Equinor ASA (NYSE:EQNR)

Folketrygdfondet reduced its stake in shares of Equinor ASA (NYSE:EQNR) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,146,918 shares of the company’s stock after selling 2,813,064 shares during the period. Equinor ASA accounts for approximately 61.7% of Folketrygdfondet’s investment portfolio, making the stock its biggest position. Folketrygdfondet owned approximately 3.37% of Equinor ASA worth $2,842,121,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EQNR. Goldman Sachs Group Inc. grew its holdings in Equinor ASA by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after acquiring an additional 285,662 shares during the period. Wellington Management Group LLP grew its holdings in Equinor ASA by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after acquiring an additional 134,688 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Equinor ASA by 39.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock worth $33,105,000 after acquiring an additional 295,162 shares during the period. Flputnam Investment Management Co. grew its stake in shares of Equinor ASA by 1.8% in the 4th quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock valued at $25,479,000 after buying an additional 14,466 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Equinor ASA by 25.2% in the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after buying an additional 139,952 shares during the period. 5.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on EQNR. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. TD Cowen began coverage on Equinor ASA in a research note on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.25.

Equinor ASA Stock Down 0.9 %

EQNR stock traded down $0.25 during mid-day trading on Wednesday, reaching $27.74. 2,318,588 shares of the company traded hands, compared to its average volume of 3,372,195. The stock has a market cap of $81.67 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.68 and a beta of 0.83. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The firm’s 50 day moving average price is $27.87 and its 200 day moving average price is $28.07.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.18. The business had revenue of $25.14 billion during the quarter, compared to the consensus estimate of $25.03 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. As a group, equities research analysts predict that Equinor ASA will post 3.5 EPS for the current fiscal 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.