Sequoia Financial Advisors LLC Has $574,000 Position in Equinor ASA $EQNR

Key Points

• Sequoia Financial Advisors LLC increased its position in Equinor ASA by 194.9% in Q2, now holding 22,842 shares worth approximately $574,000.
• Multiple institutional investors have modified their stakes in Equinor ASA, with Vanguard Personalized Indexing Management LLC raising theirs by 93.3% to 72,487 shares valued at $1.82 million.
• Equinor ASA's recent earnings report indicated a missed EPS estimate of $0.64, compared to expectations of $0.66, despite exceeding revenue projections with $25.12 billion reported.

Sequoia Financial Advisors LLC lifted its position in Equinor ASA (NYSE:EQNR - Free Report) by 194.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,842 shares of the company's stock after acquiring an additional 15,097 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Equinor ASA were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC grew its stake in shares of Equinor ASA by 44.3% in the 2nd quarter. Pzena Investment Management LLC now owns 13,422 shares of the company's stock worth $337,000 after acquiring an additional 4,122 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Equinor ASA in the 2nd quarter worth $206,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Equinor ASA by 93.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 72,487 shares of the company's stock worth $1,822,000 after acquiring an additional 34,995 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Equinor ASA in the 2nd quarter worth $203,000. Finally, Brucke Financial Inc. bought a new stake in shares of Equinor ASA in the 2nd quarter worth $214,000. Institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EQNR. JPMorgan Chase & Co. lowered shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a research note on Tuesday, August 12th. Morgan Stanley downgraded shares of Equinor ASA from an "equal weight" rating to an "underweight" rating in a report on Wednesday, September 3rd. DZ Bank downgraded shares of Equinor ASA from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, October 8th. Weiss Ratings raised shares of Equinor ASA from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. Finally, UBS Group downgraded shares of Equinor ASA from a "neutral" rating to a "sell" rating in a report on Tuesday, July 1st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and seven have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $22.71.

Equinor ASA Price Performance

NYSE EQNR opened at $23.12 on Monday. The company has a market cap of $68.08 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.83 and a beta of 0.52. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. 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 50-day simple moving average is $24.42 and its two-hundred day simple moving average is $24.53.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. Research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

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.

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