Creative Planning Has $1.70 Million Position in Equinor ASA (NYSE:EQNR)

Creative Planning lifted its stake in shares of Equinor ASA (NYSE:EQNR) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,058 shares of the company’s stock after acquiring an additional 12,170 shares during the quarter. Creative Planning’s holdings in Equinor ASA were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Equinor ASA by 0.7% in the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock valued at $1,618,000 after buying an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after purchasing an additional 440 shares during the last quarter. Profund Advisors LLC boosted its holdings in Equinor ASA by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after buying an additional 559 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Equinor ASA by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,114 shares of the company’s stock worth $517,000 after acquiring an additional 560 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 0.3 %

Shares of EQNR opened at $24.77 on Wednesday. Equinor ASA has a 1 year low of $23.95 and a 1 year high of $34.21. 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 business’s 50 day simple moving average is $25.45 and its 200-day simple moving average is $26.82. The stock has a market capitalization of $69.16 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.45 billion. During the same period in the previous year, the company earned $0.92 EPS. As a group, equities analysts expect that Equinor ASA will post 3.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EQNR has been the topic of several research analyst reports. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays raised shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a research note on Monday, October 14th. Finally, TD Cowen decreased their price objective on Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Equinor ASA has a consensus rating of “Hold” and a consensus target price of $26.90.

Equinor ASA 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.