Aigen Investment Management LP Invests $413,000 in Equinor ASA (NYSE:EQNR)

Aigen Investment Management LP acquired a new stake in Equinor ASA (NYSE:EQNR) during the third quarter, Holdings Channel.com reports. The firm acquired 16,305 shares of the company’s stock, valued at approximately $413,000.

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

Equinor ASA Stock Up 4.5 %

Shares of EQNR stock opened at $23.68 on Friday. The stock has a market cap of $66.13 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 4.90 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a fifty day moving average price of $24.67 and a 200 day moving average price of $26.50. Equinor ASA has a one year low of $22.15 and a one year high of $33.24.

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

Wall Street Analyst Weigh In

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

Equinor ASA Company 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.