Equinor ASA (NYSE:EQNR) Stake Raised by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. raised its holdings in shares of Equinor ASA (NYSE:EQNR) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,200 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Equinor ASA were worth $2,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Equinor ASA by 2,359.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after purchasing an additional 6,507,511 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Equinor ASA during the 3rd quarter valued at $6,203,000. Manning & Napier Advisors LLC purchased a new position in shares of Equinor ASA during the 2nd quarter valued at $5,271,000. Earnest Partners LLC increased its stake in shares of Equinor ASA by 4.5% in the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after acquiring an additional 166,131 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Equinor ASA by 1,334.9% during the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock worth $5,055,000 after acquiring an additional 164,658 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

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

Equinor ASA Stock Up 1.1 %

EQNR opened at $23.96 on Friday. The firm has a market cap of $66.92 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The business has a 50 day moving average price of $24.62 and a 200 day moving average price of $26.46. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $33.24.

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

Equinor ASA Company Profile

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.