Vanguard Personalized Indexing Management LLC Has $1.82 Million Holdings in Equinor ASA $EQNR

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Equinor ASA by 93.3% during the second quarter, now owning shares worth $1.82 million.
• Equinor ASA experienced several rating downgrades, with analysts from firms like UBS, DZ Bank, and HSBC changing their recommendations to sell or hold.
• Equinor ASA reported a quarterly earnings miss with $0.64 EPS, below the consensus estimate of $0.66 EPS, despite revenues of $25.12 billion exceeding expectations.

Vanguard Personalized Indexing Management LLC raised its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 93.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,487 shares of the company's stock after buying an additional 34,995 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Equinor ASA were worth $1,822,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company's stock worth $100,630,000 after purchasing an additional 572,193 shares during the period. Jump Financial LLC acquired a new position in shares of Equinor ASA during the first quarter worth approximately $2,178,000. Voya Investment Management LLC acquired a new position in shares of Equinor ASA during the first quarter worth approximately $7,459,000. Logan Capital Management Inc. raised its position in shares of Equinor ASA by 28.6% during the first quarter. Logan Capital Management Inc. now owns 147,849 shares of the company's stock worth $3,911,000 after purchasing an additional 32,843 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Equinor ASA during the second quarter worth approximately $331,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EQNR shares. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. DZ Bank lowered Equinor ASA from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday, October 8th. Pareto Securities lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Weiss Ratings raised Equinor ASA from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $22.71.

Equinor ASA Trading Down 0.9%

Shares of Equinor ASA stock opened at $22.86 on Friday. The stock has a fifty day simple moving average of $24.45 and a 200 day simple moving average of $24.58. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $28.26. The company has a market capitalization of $67.32 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.82 and a beta of 0.52. 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 announced its quarterly earnings results 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 company had revenue of $25.12 billion for the quarter, compared to the consensus estimate of $23.88 billion. On average, sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal 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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