Equinor ASA (NYSE:EQNR) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. raised its position in Equinor ASA (NYSE:EQNR) by 27.6% in the 3rd quarter, Holdings Channel reports. The fund owned 25,955 shares of the company’s stock after purchasing an additional 5,613 shares during the period. Rakuten Securities Inc.’s holdings in Equinor ASA were worth $658,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EQNR. Allspring Global Investments Holdings LLC purchased a new stake in shares of Equinor ASA during the first quarter worth about $81,000. BNP Paribas Financial Markets raised its position in shares of Equinor ASA by 149.3% in the 1st quarter. BNP Paribas Financial Markets now owns 3,169 shares of the company’s stock valued at $86,000 after purchasing an additional 1,898 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Equinor ASA by 12.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 17,554 shares of the company’s stock valued at $474,000 after purchasing an additional 1,908 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Equinor ASA during the 1st quarter valued at approximately $1,492,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Equinor ASA during the first quarter worth approximately $624,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Equinor ASA Stock Up 0.1 %

Equinor ASA stock opened at $22.81 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $63.70 billion, a P/E ratio of 7.00, a P/E/G ratio of 5.01 and a beta of 0.84. The firm’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $26.56. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.63.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter last year, the company posted $0.92 earnings per share. Sell-side analysts forecast that Equinor ASA will post 3.27 earnings per share for the current fiscal year.

About Equinor ASA

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.