Parametrica Management Ltd Acquires Shares of 28,568 Equinor ASA (NYSE:EQNR)

Parametrica Management Ltd acquired a new stake in shares of Equinor ASA (NYSE:EQNR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,568 shares of the company’s stock, valued at approximately $724,000. Equinor ASA makes up 0.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atwood & Palmer Inc. bought a new position in Equinor ASA in the 2nd quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new position in shares of Equinor ASA in the 3rd quarter valued at $31,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after purchasing an additional 1,512 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research note on Monday, October 14th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays upgraded Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Finally, Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Performance

NYSE:EQNR traded down $0.19 during mid-day trading on Wednesday, hitting $22.33. The stock had a trading volume of 788,535 shares, compared to its average volume of 3,357,701. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $33.24. The stock has a market cap of $62.36 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 4.96 and a beta of 0.84. The company’s 50 day simple moving average is $24.72 and its 200 day simple moving average is $26.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts forecast that Equinor ASA will post 3.31 earnings per share for the current year.

Equinor ASA Profile

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.