Parametric Portfolio Associates LLC Sells 110,508 Shares of Equinor ASA (NYSE:EQNR)

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Parametric Portfolio Associates LLC trimmed its holdings in shares of Equinor ASA (NYSE:EQNR) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,088,728 shares of the company’s stock after selling 110,508 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Equinor ASA were worth $21,535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EQNR. FMR LLC lifted its stake in Equinor ASA by 5.1% in the first quarter. FMR LLC now owns 16,656,952 shares of the company’s stock worth $365,952,000 after acquiring an additional 808,617 shares during the period. Renaissance Technologies LLC lifted its position in shares of Equinor ASA by 1.8% in the second quarter. Renaissance Technologies LLC now owns 9,164,223 shares of the company’s stock worth $181,268,000 after buying an additional 160,600 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Equinor ASA by 332.6% in the first quarter. Lazard Asset Management LLC now owns 2,725,421 shares of the company’s stock worth $59,877,000 after buying an additional 2,095,354 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Equinor ASA by 18.3% in the second quarter. Fisher Asset Management LLC now owns 2,175,636 shares of the company’s stock worth $43,034,000 after buying an additional 336,136 shares during the last quarter. Finally, Clark Capital Management Group Inc. acquired a new stake in shares of Equinor ASA in the second quarter worth about $16,793,000. Institutional investors own 5.73% of the company’s stock.

Shares of Equinor ASA stock traded down $0.07 during trading on Thursday, reaching $20.01. The company’s stock had a trading volume of 51,037 shares, compared to its average volume of 2,355,019. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43. The business’s fifty day moving average price is $17.52 and its 200-day moving average price is $20.15. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 9.91 and a beta of 0.93. Equinor ASA has a one year low of $16.24 and a one year high of $28.93.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The business had revenue of $17.10 billion during the quarter. Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. Sell-side analysts anticipate that Equinor ASA will post 1.56 EPS for the current year.

A number of brokerages have weighed in on EQNR. Banco Santander raised Equinor ASA to a “hold” rating in a research report on Monday, June 17th. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, May 31st. Goldman Sachs Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 1st. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Credit Suisse Group upgraded Equinor ASA from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.77.

Equinor ASA Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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