Equinor ASA $EQNR Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. increased its position in shares of Equinor ASA (NYSE:EQNR) by 32.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,228 shares of the company’s stock after acquiring an additional 20,117 shares during the period. Vise Technologies Inc.’s holdings in Equinor ASA were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Equinor ASA by 599.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company’s stock worth $547,194,000 after purchasing an additional 11,112,362 shares during the period. Euro Pacific Asset Management LLC grew its position in Equinor ASA by 33.2% during the third quarter. Euro Pacific Asset Management LLC now owns 414,023 shares of the company’s stock worth $17,776,000 after buying an additional 103,197 shares in the last quarter. Quantinno Capital Management LP increased its stake in Equinor ASA by 21.2% in the 1st quarter. Quantinno Capital Management LP now owns 220,132 shares of the company’s stock worth $9,290,000 after acquiring an additional 38,522 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Equinor ASA in the 1st quarter worth about $8,745,000. Finally, Jennison Associates LLC bought a new position in Equinor ASA in the 1st quarter worth about $8,582,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQNR has been the topic of several recent analyst reports. DZ Bank cut Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, October 28th. Wall Street Zen lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 24th. Morningstar cut shares of Equinor ASA to a “sell” rating in a research report on Thursday, July 23rd. Berenberg Bank restated a “hold” rating on shares of Equinor ASA in a research report on Friday, July 24th. Finally, SEB Equity Research reaffirmed a “sell” rating on shares of Equinor ASA in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.47.

Equinor ASA Trading Up 0.4%

NYSE EQNR opened at $45.60 on Wednesday. The stock’s 50-day simple moving average is $44.15 and its two-hundred day simple moving average is $37.64. Equinor ASA has a twelve month low of $22.26 and a twelve month high of $49.08. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $109.02 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.27 and a beta of 0.12.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.18). Equinor ASA had a return on equity of 27.45% and a net margin of 9.71%. The firm had revenue of $32.96 billion for the quarter, compared to the consensus estimate of $33.30 billion. Research analysts forecast that Equinor ASA will post 5.67 EPS for the current fiscal year.

About Equinor ASA

Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.

Equinor’s core business is the exploration, development, production and marketing of oil and natural gas, with Norway’s continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.

In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.