Euro Pacific Asset Management LLC Reduces Stake in Equinor ASA (NYSE:EQNR)

Euro Pacific Asset Management LLC cut its holdings in shares of Equinor ASA (NYSE:EQNR) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 275,084 shares of the company’s stock after selling 5,629 shares during the quarter. Equinor ASA accounts for about 1.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 27th largest holding. Euro Pacific Asset Management LLC’s holdings in Equinor ASA were worth $6,778,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EQNR. Mediolanum International Funds Ltd acquired a new stake in Equinor ASA during the 3rd quarter worth approximately $6,203,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Equinor ASA during the 3rd quarter worth approximately $3,685,000. Wellington Management Group LLP lifted its position in Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Equinor ASA in the 3rd quarter valued at about $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Equinor ASA during the 3rd quarter worth approximately $2,305,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Equinor ASA stock opened at $23.85 on Friday. The company has a market cap of $66.60 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. Equinor ASA has a one year low of $21.85 and a one year high of $29.49. The business has a fifty day moving average of $24.05 and a two-hundred day moving average of $25.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, analysts predict that Equinor ASA will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EQNR has been the subject of a number of research reports. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.80 to $30.90 in a report on Tuesday, January 7th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.45.

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.