Arjuna Capital trimmed its position in shares of Equinor ASA (NYSE:EQNR) by 2.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 57,311 shares of the company’s stock after selling 1,661 shares during the quarter. Arjuna Capital’s holdings in Equinor ASA were worth $1,259,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in EQNR. Jennison Associates LLC bought a new stake in Equinor ASA during the 4th quarter worth approximately $12,572,000. NumerixS Investment Technologies Inc raised its position in shares of Equinor ASA by 73.7% during the first quarter. NumerixS Investment Technologies Inc now owns 13,200 shares of the company’s stock valued at $290,000 after buying an additional 5,600 shares during the last quarter. Putnam FL Investment Management Co. raised its position in shares of Equinor ASA by 22.1% during the fourth quarter. Putnam FL Investment Management Co. now owns 189,504 shares of the company’s stock valued at $4,012,000 after buying an additional 34,289 shares during the last quarter. Morgan Stanley raised its position in shares of Equinor ASA by 5.2% during the third quarter. Morgan Stanley now owns 229,851 shares of the company’s stock valued at $6,482,000 after buying an additional 11,375 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Equinor ASA by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 88,623 shares of the company’s stock valued at $1,877,000 after buying an additional 5,738 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.
EQNR has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 12th. ValuEngine lowered shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Santander raised shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 17th. Sanford C. Bernstein raised shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Monday, July 1st. Finally, HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.77.
Equinor ASA (NYSE:EQNR) last issued its earnings results on Friday, May 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $16.41 billion during the quarter. Equinor ASA had a net margin of 10.46% and a return on equity of 15.79%. On average, equities analysts expect that Equinor ASA will post 1.67 earnings per share for the current year.
About Equinor ASA
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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