Callan Family Office LLC Purchases 16,840 Shares of Equinor ASA $EQNR

Key Points

• Callan Family Office LLC significantly increased its position in Equinor ASA by 180% during Q2, acquiring an additional 16,840 shares, bringing its total to 26,195 shares worth approximately $659,000.
• Multiple institutional investors, including Citigroup and Goldman Sachs, have also made substantial increases to their holdings in Equinor ASA, indicating strong institutional interest in the stock.
• Equinor ASA's stock rating has been downgraded by several analysts recently, culminating in a consensus rating of "Reduce" with a price target of $22.71.

Callan Family Office LLC grew its position in Equinor ASA (NYSE:EQNR - Free Report) by 180.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,195 shares of the company's stock after purchasing an additional 16,840 shares during the quarter. Callan Family Office LLC's holdings in Equinor ASA were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. boosted its stake in Equinor ASA by 8,986.2% during the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company's stock worth $33,329,000 after buying an additional 1,246,203 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Equinor ASA by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company's stock worth $100,630,000 after purchasing an additional 572,193 shares during the last quarter. Voya Investment Management LLC bought a new stake in Equinor ASA during the 1st quarter worth about $7,459,000. Quantbot Technologies LP raised its holdings in Equinor ASA by 734.4% during the 1st quarter. Quantbot Technologies LP now owns 261,708 shares of the company's stock worth $6,922,000 after purchasing an additional 230,344 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Equinor ASA by 329.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 237,424 shares of the company's stock valued at $6,280,000 after acquiring an additional 182,113 shares during the last quarter. Institutional investors own 5.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group cut Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Pareto Securities lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Hsbc Global Res lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. DZ Bank downgraded Equinor ASA from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings raised Equinor ASA from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $22.71.

Equinor ASA Stock Up 1.3%

EQNR opened at $23.51 on Tuesday. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26. The stock's fifty day simple moving average is $24.56 and its 200 day simple moving average is $24.62. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The stock has a market cap of $69.22 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.52.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $25.12 billion for the quarter, compared to the consensus estimate of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. As a group, research analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

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.

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