Equinor ASA $EQNR Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. raised its holdings in Equinor ASA by 17.7%, owning 3,804,534 shares worth approximately $100.63 million at the end of the recent reporting period.
• Equities analysts have downgraded Equinor ASA's stock ratings, with the company currently receiving an average rating of "Reduce" and a target price of $22.71.
• Equinor ASA reported earnings of $0.64 per share for the recent quarter, missing analysts' expectations, despite achieving $25.12 billion in revenue.

Goldman Sachs Group Inc. boosted its stake in Equinor ASA (NYSE:EQNR - Free Report) by 17.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,804,534 shares of the company's stock after purchasing an additional 572,193 shares during the period. Goldman Sachs Group Inc. owned approximately 0.14% of Equinor ASA worth $100,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EQNR. Mission Wealth Management LP increased its holdings in shares of Equinor ASA by 4.5% in the 1st quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock worth $324,000 after buying an additional 522 shares during the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of Equinor ASA by 10.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,618 shares of the company's stock worth $149,000 after buying an additional 553 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Equinor ASA by 34.1% in the 1st 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 during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Equinor ASA by 9.7% in the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the company's stock worth $182,000 after buying an additional 596 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Equinor ASA by 36.4% in the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock worth $62,000 after buying an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Stock Performance

NYSE EQNR traded down $0.12 during mid-day trading on Thursday, reaching $24.56. 4,616,873 shares of the stock were exchanged, compared to its average volume of 3,254,870. The business's 50 day moving average is $24.97 and its 200-day moving average is $24.60. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The company has a market capitalization of $72.32 billion, a P/E ratio of 8.16, a P/E/G ratio of 0.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted 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). 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 during the quarter, compared to analysts' expectations of $23.88 billion. On average, equities research analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQNR. JPMorgan Chase & Co. downgraded shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th. Barclays downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Pareto Securities downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. Hsbc Global Res downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Finally, Morgan Stanley downgraded shares of Equinor ASA from an "equal weight" rating to an "underweight" rating in a report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Equinor ASA currently has an average rating of "Reduce" and an average 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.