Equinor ASA (NYSE:EQNR) Stake Trimmed by Folketrygdfondet

Folketrygdfondet decreased its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,948,331 shares of the company's stock after selling 1,517,748 shares during the period. Equinor ASA makes up about 64.8% of Folketrygdfondet's holdings, making the stock its biggest holding. Folketrygdfondet owned approximately 3.94% of Equinor ASA worth $2,908,133,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC boosted its position in Equinor ASA by 725.4% during the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after buying an additional 856 shares during the period. GeoWealth Management LLC raised its stake in Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after buying an additional 985 shares in the last quarter. Wayfinding Financial LLC bought a new position in Equinor ASA in the first quarter worth about $54,000. Bruce G. Allen Investments LLC raised its stake in Equinor ASA by 34.1% in the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock worth $58,000 after buying an additional 556 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Equinor ASA by 36.4% in the first quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock worth $62,000 after buying an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded down $0.00 during trading on Friday, hitting $25.73. The company had a trading volume of 2,284,096 shares, compared to its average volume of 3,776,665. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.37. The firm has a market capitalization of $71.85 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.70 and a beta of 0.58. The stock has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $24.36.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. The firm had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EQNR. Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target for the company. in a research note on Tuesday, May 20th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Royal Bank Of Canada lowered shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. UBS Group lowered shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Finally, TD Cowen decreased their price target on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.