Equinor ASA (NYSE:EQNR) Holdings Lowered by Earnest Partners LLC

Earnest Partners LLC reduced its holdings in Equinor ASA (NYSE:EQNR) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,714,583 shares of the company’s stock after selling 41,994 shares during the period. Equinor ASA comprises about 1.0% of Earnest Partners LLC’s holdings, making the stock its 25th largest holding. Earnest Partners LLC owned approximately 0.17% of Equinor ASA worth $113,034,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EQNR. Lazard Asset Management LLC increased its holdings in shares of Equinor ASA by 332.6% during the 1st quarter. Lazard Asset Management LLC now owns 2,725,421 shares of the company’s stock valued at $59,877,000 after acquiring an additional 2,095,354 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Equinor ASA during the 2nd quarter worth approximately $16,793,000. FMR LLC increased its holdings in Equinor ASA by 5.1% during the 1st quarter. FMR LLC now owns 16,656,952 shares of the company’s stock valued at $365,952,000 after purchasing an additional 808,617 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Equinor ASA by 18.3% during the 2nd quarter. Fisher Asset Management LLC now owns 2,175,636 shares of the company’s stock valued at $43,034,000 after purchasing an additional 336,136 shares in the last quarter. Finally, Manning & Napier Group LLC acquired a new stake in Equinor ASA during the 2nd quarter valued at $4,727,000. 5.73% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on EQNR shares. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Banco Santander upgraded Equinor ASA to a “hold” rating in a report on Monday, June 17th. Santander raised Equinor ASA from an “underperform” rating to a “hold” rating in a research report on Monday, June 17th. Goldman Sachs Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein upgraded Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Equinor ASA presently has a consensus rating of “Hold” and an average target price of $24.77.

Shares of EQNR opened at $19.39 on Friday. The firm’s 50-day simple moving average is $17.35 and its two-hundred day simple moving average is $20.23. The stock has a market cap of $63.30 billion, a PE ratio of 9.60 and a beta of 0.93. Equinor ASA has a fifty-two week low of $16.24 and a fifty-two week high of $28.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). Equinor ASA had a net margin of 10.94% and a return on equity of 14.13%. The company had revenue of $17.10 billion for the quarter. Equities research analysts predict that Equinor ASA will post 1.56 EPS for the current year.

About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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