Flputnam Investment Management Co. Has $425,000 Stake in Equinor ASA $EQNR

Key Points

• Flputnam Investment Management Co. reduced its stake in Equinor ASA by 44.8%, selling 13,027 shares and now holding 16,055 shares valued at $425,000.
• Equinor ASA's latest earnings report showed EPS of $0.64, missing estimates, but revenue of $25.12 billion exceeded expectations.
• Multiple analysts have downgraded Equinor ASA's stock ratings recently, resulting in a consensus rating of "Reduce" and a target price of $22.71.

Flputnam Investment Management Co. cut its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 44.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,055 shares of the company's stock after selling 13,027 shares during the quarter. Flputnam Investment Management Co.'s holdings in Equinor ASA were worth $425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Equinor ASA during the 4th quarter valued at approximately $909,000. First Trust Advisors LP acquired a new position in Equinor ASA during the 4th quarter valued at approximately $444,000. Dimensional Fund Advisors LP boosted its position in Equinor ASA by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 83,142 shares of the company's stock valued at $1,970,000 after purchasing an additional 5,315 shares during the period. Northern Trust Corp boosted its position in Equinor ASA by 63.8% during the 4th quarter. Northern Trust Corp now owns 851,312 shares of the company's stock valued at $20,168,000 after purchasing an additional 331,684 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Equinor ASA by 1.6% during the 4th quarter. Ameriprise Financial Inc. now owns 132,000 shares of the company's stock valued at $3,127,000 after purchasing an additional 2,023 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. Barclays lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. 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. Finally, Berenberg Bank lowered Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target for the company. in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $22.71.

Equinor ASA Price Performance

Shares of EQNR traded up $0.31 during midday trading on Monday, reaching $24.12. The stock had a trading volume of 1,921,549 shares, compared to its average volume of 4,092,455. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37. The firm's 50 day moving average price is $25.21 and its 200-day moving average price is $24.53. The company has a market capitalization of $71.01 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.82 and a beta of 0.57.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal 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.