Aigen Investment Management LP Makes New Investment in Equinor ASA (NYSE:EQNR)

Aigen Investment Management LP acquired a new stake in shares of Equinor ASA (NYSE:EQNR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,305 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $45,000 after purchasing an additional 365 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Equinor ASA by 0.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock worth $1,618,000 after buying an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after buying an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after buying an additional 543 shares during the period. Finally, Profund Advisors LLC increased its position in shares of Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after acquiring an additional 559 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQNR. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Barclays upgraded Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA presently has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $23.68 on Friday. Equinor ASA has a one year low of $22.15 and a one year high of $33.24. The business’s 50-day moving average price is $24.67 and its two-hundred day moving average price is $26.50. 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 has a market capitalization of $66.13 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 4.90 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the business posted $0.92 EPS. Analysts anticipate that Equinor ASA will post 3.31 earnings per share for the current fiscal 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.