John G Ullman & Associates Inc. Increases Holdings in Equinor ASA $EQNR

John G Ullman & Associates Inc. lifted its position in shares of Equinor ASA (NYSE:EQNR) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,359 shares of the company’s stock after buying an additional 4,200 shares during the period. John G Ullman & Associates Inc.’s holdings in Equinor ASA were worth $1,920,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new position in shares of Equinor ASA during the 1st quarter valued at about $53,000. Wayfinding Financial LLC purchased a new position in shares of Equinor ASA during the 1st quarter valued at about $54,000. Headlands Technologies LLC purchased a new position in shares of Equinor ASA during the 1st quarter valued at about $57,000. Assetmark Inc. raised its holdings in shares of Equinor ASA by 7,586.7% during the 1st quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock valued at $61,000 after buying an additional 2,276 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Equinor ASA by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock valued at $62,000 after buying an additional 629 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.12 on Friday. The firm has a market cap of $68.08 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.83 and a beta of 0.52. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26. The business’s 50 day moving average price is $24.42 and its 200-day moving average price is $24.53. 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 (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share 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 the consensus estimate of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. On average, equities research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Analyst Ratings Changes

EQNR has been the topic of a number of analyst reports. Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Pareto Securities cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Sanford C. Bernstein cut Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Equinor ASA presently has a consensus rating of “Reduce” and an average target price of $22.71.

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.