Pacer Advisors Inc. lifted its stake in shares of Equinor ASA (NYSE:EQNR) by 0.9% in the third quarter, HoldingsChannel reports. The fund owned 246,685 shares of the company’s stock after acquiring an additional 2,207 shares during the period. Pacer Advisors Inc.’s holdings in Equinor ASA were worth $4,675,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in EQNR. TRUE Private Wealth Advisors purchased a new position in Equinor ASA in the 2nd quarter worth approximately $36,000. HM Payson & Co. purchased a new stake in shares of Equinor ASA during the 2nd quarter worth approximately $75,000. FinTrust Capital Advisors LLC raised its holdings in shares of Equinor ASA by 713.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,195 shares of the company’s stock worth $83,000 after acquiring an additional 3,679 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Equinor ASA by 44.7% during the 2nd quarter. Assetmark Inc. now owns 5,982 shares of the company’s stock worth $118,000 after acquiring an additional 1,847 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in shares of Equinor ASA by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock worth $200,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 5.73% of the company’s stock.
Several analysts have recently issued reports on EQNR shares. Banco Santander raised Equinor ASA to a “hold” rating in a report on Monday, June 17th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to a “neutral” rating in a report on Monday, September 16th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, September 6th. ValuEngine raised Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Equinor ASA from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.77.
NYSE EQNR opened at $18.77 on Friday. The company has a market cap of $59.86 billion, a P/E ratio of 9.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43. The business’s 50 day moving average price is $18.44 and its 200-day moving average price is $19.76. Equinor ASA has a fifty-two week low of $16.24 and a fifty-two week high of $27.45.
Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). The company had revenue of $17.10 billion for the quarter. Equinor ASA had a net margin of 10.94% and a return on equity of 14.13%. As a group, equities analysts predict that Equinor ASA will post 1.57 EPS for the current year.
Equinor ASA Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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