US Bancorp DE Has $2.71 Million Stake in Equinor ASA (NYSE:EQNR)

US Bancorp DE trimmed its stake in Equinor ASA (NYSE:EQNR) by 39.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,108 shares of the company’s stock after selling 68,605 shares during the period. US Bancorp DE’s holdings in Equinor ASA were worth $2,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Equinor ASA by 2,359.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after acquiring an additional 6,507,511 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Equinor ASA in the third quarter valued at about $6,203,000. Manning & Napier Advisors LLC acquired a new position in Equinor ASA in the second quarter valued at about $5,271,000. Earnest Partners LLC boosted its position in Equinor ASA by 4.5% in the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock valued at $104,485,000 after buying an additional 166,131 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Equinor ASA by 1,334.9% in the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after buying an additional 164,658 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Barclays raised shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. TD Cowen dropped their target price on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Trading Up 0.2 %

EQNR opened at $23.61 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company has a market cap of $65.94 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 5.13 and a beta of 0.84. The firm has a 50 day simple moving average of $25.13 and a 200 day simple moving average of $26.69. Equinor ASA has a fifty-two week low of $23.24 and a fifty-two week high of $33.91.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, sell-side analysts anticipate that Equinor ASA will post 3.26 earnings per share for the current year.

About Equinor ASA

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.