Unified Investment Management Boosts Position in Equinor ASA $EQNR

Unified Investment Management boosted its position in shares of Equinor ASA (NYSE:EQNR) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,513 shares of the company’s stock after purchasing an additional 707 shares during the quarter. Unified Investment Management’s holdings in Equinor ASA were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EQNR. Ameriprise Financial Inc. boosted its position in Equinor ASA by 1.6% during the fourth quarter. Ameriprise Financial Inc. now owns 132,000 shares of the company’s stock worth $3,127,000 after purchasing an additional 2,023 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Equinor ASA by 19.1% in the fourth quarter. Forum Financial Management LP now owns 24,925 shares of the company’s stock worth $590,000 after acquiring an additional 3,989 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Equinor ASA in the fourth quarter worth $403,000. Moody National Bank Trust Division acquired a new position in shares of Equinor ASA in the first quarter worth $227,000. Finally, GAMMA Investing LLC raised its holdings in shares of Equinor ASA by 3,508.9% in the first quarter. GAMMA Investing LLC now owns 62,290 shares of the company’s stock worth $1,648,000 after acquiring an additional 60,564 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQNR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Morgan Stanley downgraded Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Pareto Securities downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. UBS Group downgraded Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. Finally, Hsbc Global Res downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, Equinor ASA has an average rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Trading Up 1.2%

Shares of EQNR opened at $24.45 on Tuesday. The company has a market capitalization of $71.98 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.83 and a beta of 0.57. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The stock has a 50-day moving average price of $24.87 and a 200 day moving average price of $24.65.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The business had revenue of $25.12 billion during the quarter, compared to analysts’ expectations of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. Sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA 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.