Equinor ASA (NYSE:EQNR) Shares Sold by Fmr LLC

Fmr LLC reduced its holdings in shares of Equinor ASA (NYSE:EQNR) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,353,049 shares of the company’s stock after selling 1,314,136 shares during the period. Fmr LLC owned approximately 0.51% of Equinor ASA worth $363,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new position in shares of Equinor ASA during the second quarter valued at about $25,000. Reston Wealth Management LLC purchased a new stake in Equinor ASA during the 3rd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new position in Equinor ASA during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after buying an additional 1,512 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQNR has been the topic of several research reports. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Friday. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.90.

Equinor ASA Trading Down 0.8 %

Equinor ASA stock opened at $24.18 on Friday. The firm has a market cap of $67.53 billion, a PE ratio of 7.42, a P/E/G ratio of 5.30 and a beta of 0.84. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $32.66. The stock’s 50 day simple moving average is $24.50 and its two-hundred day simple moving average is $26.20. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that Equinor ASA will post 3.31 earnings per share for the current 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.