Equinor ASA (NYSE:EQNR) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Equinor ASA (NYSE:EQNR) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,531 shares of the company’s stock after purchasing an additional 8,663 shares during the period. Quantinno Capital Management LP’s holdings in Equinor ASA were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of Equinor ASA by 1.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock worth $24,635,000 after acquiring an additional 11,500 shares during the period. Cambiar Investors LLC raised its holdings in Equinor ASA by 3.9% in the 2nd quarter. Cambiar Investors LLC now owns 572,243 shares of the company’s stock worth $16,343,000 after purchasing an additional 21,469 shares during the period. Fisher Asset Management LLC boosted its position in Equinor ASA by 3.2% during the third quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock worth $13,242,000 after purchasing an additional 16,303 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Equinor ASA by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company’s stock valued at $13,704,000 after purchasing an additional 2,894 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Equinor ASA by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company’s stock valued at $11,898,000 after buying an additional 49,029 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EQNR shares. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley raised 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 report on Monday, October 14th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Trading Down 0.4 %

EQNR opened at $23.18 on Friday. The firm has a market capitalization of $64.74 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. The company’s 50 day simple moving average is $24.13 and its two-hundred day simple moving average is $25.90. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The company had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Analysts expect that Equinor ASA will post 3.35 EPS for the current fiscal year.

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.