Pacer Advisors Inc. increased its position in shares of Equinor ASA (NYSE:EQNR – Get Rating) by 44.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,259 shares of the company’s stock after purchasing an additional 25,625 shares during the quarter. Pacer Advisors Inc.’s holdings in Equinor ASA were worth $3,123,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its holdings in shares of Equinor ASA by 1.8% during the fourth quarter. Baird Financial Group Inc. now owns 128,835 shares of the company’s stock worth $3,392,000 after purchasing an additional 2,300 shares during the period. Seven Eight Capital LP lifted its holdings in shares of Equinor ASA by 31.7% during the fourth quarter. Seven Eight Capital LP now owns 24,108 shares of the company’s stock worth $635,000 after purchasing an additional 5,807 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Equinor ASA by 55.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 12,495 shares of the company’s stock worth $329,000 after purchasing an additional 4,463 shares during the period. First Trust Advisors LP acquired a new position in Equinor ASA in the fourth quarter valued at approximately $3,942,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Equinor ASA in the fourth quarter valued at approximately $57,000. 5.66% of the stock is owned by hedge funds and other institutional investors.
Shares of EQNR opened at $32.31 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.51. Equinor ASA has a one year low of $18.44 and a one year high of $39.15. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.13 and a beta of 1.00. The stock has a 50 day moving average price of $35.51 and a 200 day moving average price of $32.53.
EQNR has been the subject of a number of analyst reports. Royal Bank of Canada downgraded Equinor ASA from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $320.00 to $330.00 in a report on Monday, May 9th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Equinor ASA from $27.37 to $35.66 and gave the company a “hold” rating in a report on Wednesday, March 23rd. Barclays boosted their price target on Equinor ASA from 340.00 to 400.00 in a report on Thursday, May 5th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to a “neutral” rating in a report on Friday, June 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Equinor ASA has an average rating of “Hold” and an average price target of $181.94.
Equinor ASA Profile (Get Rating)
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.
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