US Bancorp DE Has $2.71 Million Holdings in Equinor ASA (NYSE:EQNR)

US Bancorp DE lessened its stake in Equinor ASA (NYSE:EQNR) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,108 shares of the company’s stock after selling 68,605 shares during the quarter. US Bancorp DE’s holdings in Equinor ASA were worth $2,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Equinor ASA by 2,359.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after purchasing an additional 6,507,511 shares during the last quarter. Earnest Partners LLC boosted its holdings in Equinor ASA by 4.5% during the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after purchasing an additional 166,131 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Equinor ASA by 1.4% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock worth $24,635,000 after purchasing an additional 11,500 shares during the last quarter. Cambiar Investors LLC boosted its holdings in Equinor ASA by 3.9% during the second quarter. Cambiar Investors LLC now owns 572,243 shares of the company’s stock worth $16,343,000 after purchasing an additional 21,469 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Equinor ASA by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company’s stock worth $13,704,000 after purchasing an additional 2,894 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a report on Monday, October 14th. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. TD Cowen dropped their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Price Performance

Shares of EQNR opened at $23.61 on Wednesday. The firm has a market capitalization of $65.94 billion, a PE ratio of 7.24, a PEG ratio of 5.13 and a beta of 0.84. The company’s 50-day moving average is $25.13 and its 200-day moving average is $26.69. Equinor ASA has a fifty-two week low of $23.24 and a fifty-two week high of $33.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period in the prior year, the firm earned $0.92 earnings per share. Equities analysts forecast that Equinor ASA will post 3.26 EPS for the current 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.