Sequoia Financial Advisors LLC Grows Position in Equinor ASA $EQNR

Sequoia Financial Advisors LLC lifted its position in Equinor ASA (NYSE:EQNR) by 194.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 22,842 shares of the company’s stock after purchasing an additional 15,097 shares during the period. Sequoia Financial Advisors LLC’s holdings in Equinor ASA were worth $574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Equinor ASA by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock worth $100,630,000 after buying an additional 572,193 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Equinor ASA in the first quarter worth about $2,178,000. Voya Investment Management LLC purchased a new stake in shares of Equinor ASA in the first quarter worth about $7,459,000. Farther Finance Advisors LLC lifted its holdings in shares of Equinor ASA by 325.5% in the second quarter. Farther Finance Advisors LLC now owns 28,803 shares of the company’s stock worth $724,000 after buying an additional 22,034 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Equinor ASA in the second quarter worth about $331,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 1.0%

EQNR stock opened at $23.12 on Monday. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $24.42 and its 200 day moving average is $24.53. The stock has a market cap of $68.08 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.83 and a beta of 0.52.

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). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion for the quarter, compared to the consensus estimate of $23.88 billion. Sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group downgraded shares of Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Weiss Ratings upgraded shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. DZ Bank cut shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $22.71.

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.