Teachers Retirement System of The State of Kentucky Has $3.24 Million Stake in Equinor ASA (NYSE:EQNR)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Equinor ASA (NYSE:EQNR) by 85.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,810 shares of the company’s stock after selling 734,760 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Equinor ASA were worth $3,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EQNR. EverSource Wealth Advisors LLC boosted 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 worth $45,000 after purchasing an additional 365 shares during the period. Crossmark Global Holdings Inc. lifted its position in Equinor ASA by 0.7% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Equinor ASA by 2.7% during the 2nd 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 during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after acquiring an additional 543 shares in the last quarter. Finally, Profund Advisors LLC increased its stake 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 during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.4 %

Shares of EQNR stock opened at $23.19 on Friday. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $32.66. The business’s 50 day moving average is $24.13 and its two-hundred day moving average is $25.88. 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 cap of $64.76 billion, a PE 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 earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.45 billion. During the same quarter last year, the firm posted $0.92 EPS. Equities analysts predict that Equinor ASA will post 3.35 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on EQNR. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a research note on Monday, October 14th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.90.

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.