Equinor ASA $EQNR Stock Position Raised by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its holdings in Equinor ASA (NYSE:EQNR) by 33.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 413,946 shares of the company’s stock after buying an additional 103,120 shares during the quarter. Equinor ASA makes up 1.2% of Euro Pacific Asset Management LLC’s holdings, making the stock its 22nd biggest holding. Euro Pacific Asset Management LLC’s holdings in Equinor ASA were worth $17,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ethic Inc. grew its stake in Equinor ASA by 2.0% during the 3rd quarter. Ethic Inc. now owns 15,407 shares of the company’s stock valued at $641,000 after acquiring an additional 309 shares in the last quarter. May Hill Capital LLC lifted its stake in Equinor ASA by 5.9% in the 3rd quarter. May Hill Capital LLC now owns 12,708 shares of the company’s stock worth $529,000 after purchasing an additional 710 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Equinor ASA in the 3rd quarter worth approximately $413,000. Commonwealth Equity Services LLC lifted its stake in Equinor ASA by 11.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 9,344 shares of the company’s stock worth $389,000 after purchasing an additional 972 shares in the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of Equinor ASA by 22.5% during the 3rd quarter. Ascent Group LLC now owns 9,930 shares of the company’s stock worth $413,000 after purchasing an additional 1,823 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of analyst reports. Royal Bank Of Canada upgraded Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Zacks Research upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. SEB Equity Research reissued a “sell” rating on shares of Equinor ASA in a research note on Friday, October 2nd. Morgan Stanley cut Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Friday. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Equinor ASA in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $43.47.

Equinor ASA Price Performance

Shares of EQNR stock opened at $41.98 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market capitalization of $100.38 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.17 and a beta of 0.12. The firm’s 50-day moving average is $44.21 and its two-hundred day moving average is $37.90. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $49.08.

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

About Equinor ASA

Equinor ASA is a Norwegian energy company headquartered in Stavanger. Founded in 1972 as the state-owned Den Norske Stats Oljeselskap, it later operated as Statoil before adopting the Equinor name in 2018. The Norwegian state remains its majority owner.

The company’s core business is the exploration, development, and production of oil and natural gas, with a substantial focus on the Norwegian Continental Shelf. Equinor also markets and trades energy products and operates across international markets, including in Europe and North America.

Alongside its oil and gas activities, Equinor develops renewable energy projects, particularly offshore wind, and pursues lower-carbon energy solutions.