Quantinno Capital Management LP Purchases 8,663 Shares of Equinor ASA (NYSE:EQNR)

Quantinno Capital Management LP raised its position in shares of Equinor ASA (NYSE:EQNR) by 30.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,531 shares of the company’s stock after purchasing an additional 8,663 shares during the period. Quantinno Capital Management LP’s holdings in Equinor ASA were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Equinor ASA by 29.6% in the 2nd quarter. CWM LLC now owns 2,823 shares of the company’s stock valued at $81,000 after acquiring an additional 645 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Equinor ASA by 27.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,598 shares of the company’s stock worth $274,000 after purchasing an additional 2,053 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Equinor ASA by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,114 shares of the company’s stock valued at $517,000 after buying an additional 560 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Equinor ASA by 242.9% in the 2nd quarter. Blue Trust Inc. now owns 10,932 shares of the company’s stock valued at $295,000 after buying an additional 7,744 shares in the last quarter. Finally, Milestone Asset Management LLC purchased a new position in shares of Equinor ASA in the 2nd quarter worth approximately $794,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Trading Down 0.4 %

Equinor ASA stock opened at $23.18 on Friday. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $32.66. The stock has a 50-day moving average price of $24.13 and a 200 day moving average price of $25.90. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $64.74 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84.

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. Sell-side analysts anticipate that Equinor ASA will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQNR. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.90.

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.