Equinor ASA (NYSE:EQNR) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Equinor ASA (NYSE:EQNR) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,684 shares of the company’s stock after purchasing an additional 3,313 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Equinor ASA were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after purchasing an additional 440 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares during the period. Ipswich Investment Management Co. Inc. boosted its stake in Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock valued at $2,057,000 after purchasing an additional 1,000 shares during the period. Finally, Truist Financial Corp boosted its stake in Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Down 1.6 %

NYSE EQNR opened at $23.85 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company’s 50 day simple moving average is $24.04 and its 200 day simple moving average is $25.04. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.49. The company has a market capitalization of $66.60 billion, a P/E ratio of 7.31, a PEG ratio of 1.19 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the previous year, the firm earned $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EQNR. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

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.