GSA Capital Partners LLP Makes New $2.51 Million Investment in Equinor ASA (NYSE:EQNR)

GSA Capital Partners LLP purchased a new stake in Equinor ASA (NYSE:EQNR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 99,068 shares of the company’s stock, valued at approximately $2,509,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Atwood & Palmer Inc. bought a new stake in Equinor ASA in the 2nd quarter valued at $25,000. Reston Wealth Management LLC bought a new position in shares of Equinor ASA during the third quarter worth about $31,000. Rothschild Investment LLC bought a new position in shares of Equinor ASA during the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EQNR shares. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays upgraded Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Trading Up 0.1 %

NYSE:EQNR opened at $22.81 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market cap of $63.70 billion, a P/E ratio of 6.99, a P/E/G ratio of 5.01 and a beta of 0.84. The firm has a 50-day simple moving average of $24.87 and a 200-day simple moving average of $26.60. Equinor ASA has a one year low of $22.15 and a one year high of $33.63.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $0.92 EPS. Equities analysts anticipate that Equinor ASA will post 3.27 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.