Y Intercept Hong Kong Ltd Has $6.28 Million Holdings in Equinor ASA (NYSE:EQNR)

Y Intercept Hong Kong Ltd grew its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 329.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,424 shares of the company's stock after acquiring an additional 182,113 shares during the period. Y Intercept Hong Kong Ltd's holdings in Equinor ASA were worth $6,280,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Equinor ASA by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock valued at $98,340,000 after buying an additional 399,861 shares during the period. Bank of America Corp DE boosted its holdings in shares of Equinor ASA by 4.8% in the 4th quarter. Bank of America Corp DE now owns 4,121,392 shares of the company's stock valued at $97,636,000 after buying an additional 188,709 shares during the period. Marshall Wace LLP boosted its holdings in shares of Equinor ASA by 3,159.0% in the 4th quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after buying an additional 2,568,095 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Equinor ASA by 958.7% in the 4th quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after buying an additional 1,310,812 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Equinor ASA by 771.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock valued at $24,061,000 after buying an additional 899,157 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Shares of NYSE EQNR traded down $0.33 during midday trading on Friday, reaching $25.36. The company's stock had a trading volume of 2,129,700 shares, compared to its average volume of 4,160,274. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $25.39 and a 200 day moving average price of $24.40. Equinor ASA has a one year low of $21.41 and a one year high of $28.29. The company has a market cap of $70.81 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.70 and a beta of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.69%. The firm had revenue of $25.12 billion for 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.

Analyst Ratings Changes

EQNR has been the topic of several recent research reports. Morgan Stanley downgraded shares of Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective on the stock. in a research report on Monday, May 12th. UBS Group downgraded shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada downgraded shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Redburn Atlantic downgraded shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective on the stock. in a research report on Tuesday, May 20th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinor ASA currently has a consensus rating of "Hold" and a consensus price target of $22.71.

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.