Public Employees Retirement System of Ohio Invests $3.69 Million in Equinor ASA (NYSE:EQNR)

Public Employees Retirement System of Ohio bought a new stake in Equinor ASA (NYSE:EQNR) during the third quarter, HoldingsChannel reports. The fund bought 145,484 shares of the company’s stock, valued at approximately $3,685,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Equinor ASA during the 3rd quarter valued at approximately $1,933,000. Cetera Investment Advisers raised its holdings in shares of Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock worth $1,991,000 after purchasing an additional 24,052 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Equinor ASA during the third quarter valued at $2,509,000. Truist Financial Corp boosted its holdings in Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Equinor ASA by 52.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock worth $2,183,000 after purchasing an additional 29,516 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research report on Monday, October 14th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Down 0.4 %

Equinor ASA stock opened at $23.19 on Monday. 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 market capitalization of $64.76 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The business has a 50 day simple moving average of $24.13 and a 200-day simple moving average of $25.86. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $32.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter last year, the company earned $0.92 EPS. On average, analysts anticipate 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.