John G Ullman & Associates Inc. Increases Holdings in Equinor ASA (NYSE:EQNR)

John G Ullman & Associates Inc. raised its position in Equinor ASA (NYSE:EQNR) by 18.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 46,050 shares of the company’s stock after purchasing an additional 7,250 shares during the period. John G Ullman & Associates Inc.’s holdings in Equinor ASA were worth $1,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EQNR. BNP Paribas Financial Markets raised its position in shares of Equinor ASA by 149.3% during the 1st quarter. BNP Paribas Financial Markets now owns 3,169 shares of the company’s stock worth $86,000 after purchasing an additional 1,898 shares during the last quarter. Blair William & Co. IL raised its stake in Equinor ASA by 21.1% in the 1st quarter. Blair William & Co. IL now owns 13,360 shares of the company’s stock valued at $361,000 after purchasing an additional 2,325 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Equinor ASA by 5.3% in the first quarter. Orion Portfolio Solutions LLC now owns 33,542 shares of the company’s stock valued at $907,000 after buying an additional 1,685 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Equinor ASA by 90.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock valued at $1,205,000 after buying an additional 21,130 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Equinor ASA by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 85,773 shares of the company’s stock worth $2,318,000 after purchasing an additional 9,516 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of EQNR opened at $24.55 on Thursday. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $33.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company has a market capitalization of $68.55 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 5.15 and a beta of 0.84. The business’s 50-day moving average is $24.59 and its 200-day moving average is $26.40.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the business earned $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.90.

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.