Northern Trust Corp Sells 42,375 Shares of Equinor ASA $EQNR

Northern Trust Corp trimmed its position in Equinor ASA (NYSE:EQNR - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 808,937 shares of the company's stock after selling 42,375 shares during the quarter. Northern Trust Corp's holdings in Equinor ASA were worth $21,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Equinor ASA by 725.4% in the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock worth $26,000 after purchasing an additional 856 shares during the period. Montag A & Associates Inc. acquired a new stake in Equinor ASA in the first quarter worth about $53,000. Wayfinding Financial LLC acquired a new stake in Equinor ASA in the first quarter worth about $54,000. Headlands Technologies LLC acquired a new stake in Equinor ASA in the first quarter worth about $57,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of Equinor ASA by 34.1% during 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 period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Down 1.0%

Shares of EQNR traded down $0.24 on Friday, hitting $23.81. The company's stock had a trading volume of 3,008,059 shares, compared to its average volume of 3,271,361. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average price is $25.21 and its 200-day moving average price is $24.52. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26. The firm has a market capitalization of $70.10 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.82 and a beta of 0.57.

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 net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. On average, equities research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EQNR shares. 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. JPMorgan Chase & Co. lowered Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th. Kepler Capital Markets lowered Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley lowered Equinor ASA from an "equal weight" rating to an "underweight" rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and seven have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $22.71.

About Equinor ASA

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.