Equinor ASA $EQNR Shares Sold by DRW Securities LLC

Key Points

• DRW Securities LLC significantly reduced its holdings in Equinor ASA by 83.9%, selling 104,285 shares and now owning 20,036 shares valued at approximately $530,000.
• Several institutional investors have increased their positions in Equinor ASA, with Citigroup Inc. boosting its stake by 8,986.2% during the first quarter, now holding over 1.26 million shares.
• Equinor ASA recently reported quarterly earnings of $0.64 per share, missing the consensus estimate, while revenue exceeded expectations at $25.12 billion.

DRW Securities LLC decreased its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 83.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,036 shares of the company's stock after selling 104,285 shares during the quarter. DRW Securities LLC's holdings in Equinor ASA were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Equinor ASA by 4.8% during the fourth quarter. Bank of America Corp DE now owns 4,121,392 shares of the company's stock worth $97,636,000 after purchasing an additional 188,709 shares during the period. Earnest Partners LLC lifted its holdings in shares of Equinor ASA by 3.4% during the first quarter. Earnest Partners LLC now owns 3,830,699 shares of the company's stock worth $101,322,000 after purchasing an additional 124,961 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Equinor ASA by 958.7% during the fourth quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock worth $34,292,000 after purchasing an additional 1,310,812 shares during the period. Citigroup Inc. lifted its holdings in shares of 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 purchasing an additional 1,246,203 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Equinor ASA by 771.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock worth $24,061,000 after purchasing an additional 899,157 shares during the period. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Stock Up 0.6%

Shares of EQNR stock opened at $24.63 on Monday. The stock has a 50 day moving average of $25.33 and a 200 day moving average of $24.49. 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 $72.51 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.84 and a beta of 0.57. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.26.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. As a group, sell-side analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Pareto Securities downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Berenberg Bank downgraded Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price for the company. in a report on Tuesday, May 20th. JPMorgan Chase & Co. downgraded Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th. Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Finally, Barclays cut Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA currently has an average rating of "Reduce" and a consensus price target of $22.71.

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.

Want to see what other hedge funds are holding EQNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinor ASA (NYSE:EQNR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.