Equinor ASA (NYSE:EQNR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can raised its position in shares of Equinor ASA (NYSE:EQNR) by 17.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,794 shares of the company’s stock after buying an additional 23,213 shares during the quarter. Bank of Montreal Can’s holdings in Equinor ASA were worth $3,993,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Equinor ASA in the 3rd quarter valued at about $1,933,000. Cetera Investment Advisers boosted its stake in Equinor ASA by 52.7% in the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after acquiring an additional 24,052 shares during the period. Milestone Asset Management LLC acquired a new position in Equinor ASA in the second quarter valued at approximately $794,000. GSA Capital Partners LLP bought a new position in shares of Equinor ASA during the third quarter valued at approximately $2,509,000. Finally, Truist Financial Corp raised its position in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after purchasing an additional 1,167 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $24.57 on Wednesday. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $32.66. The firm has a market cap of $68.60 billion, a P/E ratio of 7.54, a PEG ratio of 5.24 and a beta of 0.84. The stock has a fifty day moving average price of $24.46 and a two-hundred day moving average price of $26.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Research analysts forecast that Equinor ASA will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a report on Monday, October 14th. Finally, Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.90.

Equinor ASA Company Profile

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.