Crossmark Global Holdings Inc. Cuts Stake in Equinor ASA (NYSE:EQNR)

Crossmark Global Holdings Inc. reduced its stake in shares of Equinor ASA (NYSE:EQNR) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 85,280 shares of the company’s stock after selling 894 shares during the period. Crossmark Global Holdings Inc.’s holdings in Equinor ASA were worth $2,021,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new stake in Equinor ASA during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Equinor ASA during the 4th quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after buying an additional 543 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 0.9 %

Shares of EQNR opened at $24.23 on Friday. The company has a market cap of $67.66 billion, a PE ratio of 7.43, a P/E/G ratio of 1.21 and a beta of 0.84. The business has a fifty day moving average of $24.04 and a 200 day moving average of $25.09. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.49. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period last year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Equinor ASA will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EQNR. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $25.80 to $30.90 in a research report on Tuesday, January 7th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.45.

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.