Equinor ASA (NYSE:EQNR) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Equinor ASA by 90.6% during the 1st quarter, acquiring an additional 35,294 shares to bring its total holdings to 74,238 shares.
• Equinor ASA reported quarterly earnings of $0.64 per share, which was $0.02 below analysts' expectations, despite revenue of $25.12 billion surpassing estimates of $23.88 billion.
• Several research firms have downgraded Equinor ASA, with analysts currently holding a consensus rating of "Hold" and a target price of approximately $22.71.

Natixis Advisors LLC raised its position in Equinor ASA (NYSE:EQNR - Free Report) by 90.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 74,238 shares of the company's stock after acquiring an additional 35,294 shares during the period. Natixis Advisors LLC's holdings in Equinor ASA were worth $1,964,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EQNR. Barclays PLC purchased a new position in shares of Equinor ASA in the 4th quarter worth approximately $1,120,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Equinor ASA during the 1st quarter valued at approximately $205,000. Sarasin & Partners LLP grew its stake in Equinor ASA by 35.0% during the first quarter. Sarasin & Partners LLP now owns 547,576 shares of the company's stock valued at $13,870,000 after acquiring an additional 141,949 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Equinor ASA during the fourth quarter valued at approximately $909,000. Finally, CWA Asset Management Group LLC grew its stake in Equinor ASA by 30.1% during the first quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company's stock valued at $1,820,000 after acquiring an additional 15,910 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price on the stock. in a research note on Tuesday, May 20th. Barclays cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. TD Cowen reduced their price target on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Royal Bank Of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Finally, Kepler Capital Markets cut shares of Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Equinor ASA currently has an average rating of "Hold" and a consensus target price of $22.71.

Equinor ASA Price Performance

EQNR traded up $0.10 during trading on Wednesday, reaching $24.42. 858,959 shares of the company traded hands, compared to its average volume of 4,167,417. 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 has a 12-month low of $21.41 and a 12-month high of $28.26. The firm has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $24.42. The company has a market cap of $71.90 billion, a P/E ratio of 8.10, a PEG ratio of 0.83 and a beta of 0.59.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) 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 firm had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. On average, equities analysts forecast that Equinor ASA will post 3.46 EPS for the current 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.