US Bancorp DE Increases Stake in Equinor ASA (NYSE:EQNR)

US Bancorp DE increased its position in Equinor ASA (NYSE:EQNR - Free Report) by 60.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,257 shares of the company's stock after acquiring an additional 33,968 shares during the period. US Bancorp DE's holdings in Equinor ASA were worth $2,387,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in 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 valued at $97,636,000 after purchasing an additional 188,709 shares during the period. Marshall Wace LLP lifted its position in shares of Equinor ASA by 3,159.0% in the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after acquiring an additional 2,568,095 shares in the last quarter. Voloridge Investment Management LLC lifted its position in shares of Equinor ASA by 958.7% in the fourth quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after acquiring an additional 1,310,812 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Equinor ASA by 771.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock valued at $24,061,000 after acquiring an additional 899,157 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Equinor ASA by 63.8% in the fourth quarter. Northern Trust Corp now owns 851,312 shares of the company's stock valued at $20,168,000 after acquiring an additional 331,684 shares in the last quarter. Institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Redburn Atlantic cut shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. UBS Group cut shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada downgraded shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. Finally, Pareto Securities cut Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.71.

Equinor ASA Trading Down 1.2%

EQNR traded down $0.29 during trading on Friday, reaching $24.50. The company had a trading volume of 5,632,877 shares, compared to its average volume of 4,265,759. The stock has a market cap of $72.15 billion, a P/E ratio of 8.14, a PEG ratio of 0.85 and a beta of 0.59. The business has a 50 day simple moving average of $25.77 and a 200-day simple moving average of $24.41. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.29. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its 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). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. The business had revenue of $25.12 billion for the quarter, compared to the consensus estimate of $23.88 billion. On average, equities analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal 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.