Equinor ASA (NYSE:EQNR) Position Boosted by DRW Securities LLC

DRW Securities LLC raised its holdings in shares of Equinor ASA (NYSE:EQNR) by 23.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 64,779 shares of the company’s stock after purchasing an additional 12,198 shares during the period. DRW Securities LLC’s holdings in Equinor ASA were worth $1,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EQNR. Fisher Asset Management LLC grew its stake in shares of Equinor ASA by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock valued at $13,242,000 after buying an additional 16,303 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Equinor ASA by 28.7% in the 3rd quarter. Cerity Partners LLC now owns 26,009 shares of the company’s stock valued at $659,000 after buying an additional 5,804 shares in the last quarter. John G Ullman & Associates Inc. grew its stake in shares of Equinor ASA by 18.7% in the 3rd quarter. John G Ullman & Associates Inc. now owns 46,050 shares of the company’s stock valued at $1,166,000 after buying an additional 7,250 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Equinor ASA by 13.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 108,347 shares of the company’s stock valued at $2,744,000 after buying an additional 13,179 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Equinor ASA in the 3rd quarter valued at approximately $432,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Down 1.3 %

Shares of EQNR stock opened at $24.36 on Tuesday. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $33.19. The firm has a market cap of $68.03 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 5.37 and a beta of 0.84. The stock has a 50 day moving average of $24.56 and a 200-day moving average of $26.31. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS 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 during the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities analysts predict that Equinor ASA will post 3.31 EPS for the current year.

Analysts Set New Price Targets

EQNR has been the subject of a number of recent analyst reports. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research report on Monday, October 14th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and an average price target of $26.90.

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.