Equinor ASA (NYSE:EQNR) Holdings Raised by Bank of Montreal Can

Bank of Montreal Can increased its stake in Equinor ASA (NYSE:EQNR) by 17.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,794 shares of the company’s stock after purchasing an additional 23,213 shares during the quarter. Bank of Montreal Can’s holdings in Equinor ASA were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. DRW Securities LLC raised its holdings in shares of Equinor ASA by 23.2% during the third quarter. DRW Securities LLC now owns 64,779 shares of the company’s stock valued at $1,641,000 after acquiring an additional 12,198 shares during the period. Fisher Asset Management LLC boosted its position in shares of Equinor ASA by 3.2% in the third quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock worth $13,242,000 after buying an additional 16,303 shares during the period. Cerity Partners LLC grew its holdings in shares of Equinor ASA by 28.7% during the third quarter. Cerity Partners LLC now owns 26,009 shares of the company’s stock valued at $659,000 after buying an additional 5,804 shares in the last quarter. John G Ullman & Associates Inc. raised its position in Equinor ASA by 18.7% during the third quarter. John G Ullman & Associates Inc. now owns 46,050 shares of the company’s stock valued at $1,166,000 after buying an additional 7,250 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Equinor ASA by 13.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 108,347 shares of the company’s stock valued at $2,744,000 after acquiring an additional 13,179 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.90.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $24.57 on Wednesday. The stock has a market capitalization of $68.60 billion, a P/E ratio of 7.54, a P/E/G ratio of 5.24 and a beta of 0.84. The business has a 50-day moving average of $24.46 and a two-hundred day moving average of $26.13. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66. 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 posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the company earned $0.92 EPS. On average, equities research analysts predict that Equinor ASA will post 3.31 EPS for the current fiscal year.

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.