OLD Mission Capital LLC Has $8.64 Million Stake in Equinor ASA $EQNR

Key Points

• OLD Mission Capital LLC has reduced its holdings in Equinor ASA by 31.3%, selling 148,551 shares to end up with 326,775 shares valued at approximately $8.64 million.
• Equinor ASA’s stock has experienced a 0.4% decline recently, with a current share price of $24.52 and a market cap of $72.19 billion.
• After earnings results that missed estimates, several analysts downgraded their ratings on Equinor ASA; it now holds an average rating of "Reduce" with a target price of $22.71.

OLD Mission Capital LLC cut its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 31.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,775 shares of the company's stock after selling 148,551 shares during the period. OLD Mission Capital LLC's holdings in Equinor ASA were worth $8,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC acquired a new stake in shares of Equinor ASA during the fourth quarter worth $1,120,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Equinor ASA during the first quarter worth $205,000. Sarasin & Partners LLP grew its holdings in shares of 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 buying an additional 141,949 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Equinor ASA during the fourth quarter valued at $909,000. Finally, CWA Asset Management Group LLC grew its holdings in shares of 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 buying an additional 15,910 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Down 4.0%

NYSE EQNR traded down $1.00 on Wednesday, reaching $23.79. The stock had a trading volume of 2,799,193 shares, compared to its average volume of 4,089,994. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The business has a 50 day moving average price of $25.29 and a 200 day moving average price of $24.51. The company has a market capitalization of $70.04 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.84 and a beta of 0.57. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 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 net margin of 7.60% and a return on equity of 16.91%. On average, analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EQNR has been the topic of a number of research analyst reports. Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. UBS Group downgraded Equinor ASA from a "neutral" rating to a "sell" rating in a report on Tuesday, July 1st. Kepler Capital Markets downgraded Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Berenberg Bank downgraded Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target on the stock. in a report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $22.71.

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.