Blue Trust Inc. Boosts Stake in Equinor ASA $EQNR

Blue Trust Inc. raised its position in shares of Equinor ASA (NYSE:EQNR) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,432 shares of the company’s stock after acquiring an additional 1,829 shares during the period. Blue Trust Inc.’s holdings in Equinor ASA were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC grew its stake in Equinor ASA by 180.0% during the second quarter. Callan Family Office LLC now owns 26,195 shares of the company’s stock worth $659,000 after buying an additional 16,840 shares during the period. Belpointe Asset Management LLC boosted its position in shares of Equinor ASA by 225.6% in the second quarter. Belpointe Asset Management LLC now owns 30,368 shares of the company’s stock worth $763,000 after buying an additional 21,041 shares during the period. QRG Capital Management Inc. boosted its position in shares of Equinor ASA by 125.3% in the second quarter. QRG Capital Management Inc. now owns 181,220 shares of the company’s stock worth $4,556,000 after buying an additional 100,783 shares during the period. Fortis Capital Advisors LLC purchased a new position in Equinor ASA in the 2nd quarter worth approximately $503,000. Finally, Ascent Group LLC boosted its holdings in Equinor ASA by 30.5% in the 2nd quarter. Ascent Group LLC now owns 13,179 shares of the company’s stock worth $331,000 after acquiring an additional 3,084 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of Equinor ASA stock opened at $23.51 on Tuesday. The firm has a market cap of $69.22 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.52. The firm’s 50-day simple moving average is $24.56 and its 200-day simple moving average is $24.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26.

Equinor ASA (NYSE:EQNR) last posted 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 firm had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. Equities analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EQNR. UBS Group cut Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Morgan Stanley cut shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Pareto Securities cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Finally, Hsbc Global Res cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, Equinor ASA has an average rating of “Reduce” and a consensus target price of $22.71.

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.