Fiduciary Financial Group LLC Takes $306,000 Position in Equinor ASA $EQNR

Key Points

• Fiduciary Financial Group LLC has invested approximately $306,000 to acquire a new stake in Equinor ASA, purchasing 12,128 shares during the second quarter.
• Analysts have downgraded Equinor ASA's stock, with ratings falling from "buy" to "hold" and from "neutral" to "underweight," reflecting concerns about future performance.
• The company reported a net margin of 7.60% and a revenue of $25.12 billion for the last quarter, exceeding analyst estimates despite missing earnings per share expectations.

Fiduciary Financial Group LLC acquired a new position in Equinor ASA (NYSE:EQNR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,128 shares of the company's stock, valued at approximately $306,000.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Equinor ASA by 1.6% during the 4th quarter. Ameriprise Financial Inc. now owns 132,000 shares of the company's stock worth $3,127,000 after purchasing an additional 2,023 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Equinor ASA by 130.7% during the 4th quarter. BNP Paribas Financial Markets now owns 83,081 shares of the company's stock valued at $1,968,000 after buying an additional 47,075 shares during the period. Cetera Investment Advisers raised its position in shares of Equinor ASA by 6.6% during the 4th quarter. Cetera Investment Advisers now owns 71,982 shares of the company's stock valued at $1,705,000 after buying an additional 4,468 shares during the period. Ethic Inc. purchased a new stake in shares of Equinor ASA during the 4th quarter valued at approximately $241,000. Finally, Quantinno Capital Management LP raised its position in shares of Equinor ASA by 30.6% during the 4th quarter. Quantinno Capital Management LP now owns 49,013 shares of the company's stock valued at $1,161,000 after buying an additional 11,482 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Trading Down 1.5%

Shares of NYSE:EQNR traded down $0.38 during mid-day trading on Friday, reaching $24.20. The stock had a trading volume of 809,754 shares, compared to its average volume of 4,061,161. The firm has a market cap of $71.25 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.85 and a beta of 0.57. The firm has a 50 day simple moving average of $24.97 and a two-hundred day simple moving average of $24.60. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. 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 earnings results on Wednesday, July 23rd. The company reported $0.64 EPS 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 analyst estimates of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. On average, research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EQNR shares. JPMorgan Chase & Co. lowered Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th. Pareto Securities lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Morgan Stanley lowered Equinor ASA from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, September 3rd. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. Finally, Barclays lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price 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.