DMC Group LLC Makes New Investment in Equinor ASA $EQNR

DMC Group LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,570 shares of the company’s stock, valued at approximately $689,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC raised its holdings in shares of Equinor ASA by 2.7% in the 3rd quarter. Park Avenue Securities LLC now owns 9,341 shares of the company’s stock worth $389,000 after acquiring an additional 249 shares during the last quarter. Brucke Financial Inc. bought a new position in Equinor ASA in the 3rd quarter valued at about $238,000. Signaturefd LLC lifted its position in Equinor ASA by 2.0% in the 3rd quarter. Signaturefd LLC now owns 27,153 shares of the company’s stock valued at $1,130,000 after acquiring an additional 542 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Equinor ASA by 10.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 17,085 shares of the company’s stock valued at $711,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Gibbs Wealth Management boosted its stake in Equinor ASA by 14.2% during the 3rd quarter. Gibbs Wealth Management now owns 30,128 shares of the company’s stock valued at $1,253,000 after purchasing an additional 3,746 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morningstar lowered Equinor ASA to a “sell” rating in a report on Thursday, July 23rd. Berenberg Bank restated a “hold” rating on shares of Equinor ASA in a report on Friday, July 24th. TD Cowen raised their target price on Equinor ASA from $38.00 to $41.00 and gave the company a “hold” rating in a report on Monday, September 28th. Bank of America raised Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, September 18th. Finally, Wall Street Zen downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.47.

Equinor ASA News Roundup

Here are the key news stories impacting Equinor ASA this week:

• Positive Sentiment: Strong third-quarter earnings: Equinor reported third-quarter adjusted operating income of $12.35 billion, net income of $2.54 billion and adjusted net income of $2.86 billion, or $1.20 per adjusted share. Earnings benefited from favorable energy-market conditions, with reported earnings roughly doubling year over year. Equinor third quarter 2026 results
• Positive Sentiment: Higher production target: Equinor raised its full-year 2026 oil and gas production-growth target to approximately 4% from 3% previously. The upgrade signals stronger expected volumes and supports cash-flow expectations. Equinor’s Earnings Double as Upended Energy Markets Offer Windfall
• Positive Sentiment: Continued share buybacks: Equinor will begin the fourth tranche of its expanded 2026 share-buyback program on October 29, following completion of the prior tranche. Repurchases can reduce the share count and increase per-share value. Equinor to commence fourth tranche of the 2026 share buy-back programme
• Positive Sentiment: Dividend maintained: Equinor declared a third-quarter cash dividend of $0.39 per share, payable in February 2027. Equinor cash dividend information
• Neutral Sentiment: Offshore growth initiative: A partnership with Aker BP aims to improve recovery rates and lower costs from challenging Norwegian offshore resources, offering longer-term potential but limited immediate earnings impact. EQNR Partners With Aker BP

Equinor ASA Trading Down 2.3%

NYSE EQNR opened at $47.02 on Wednesday. Equinor ASA has a 1 year low of $22.26 and a 1 year high of $49.08. The company has a fifty day moving average price of $43.69 and a 200-day moving average price of $37.07.

Equinor ASA Profile

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.