Keybank National Association OH lessened its stake in Equinor ASA (NYSE:EQNR) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,257 shares of the company’s stock after selling 2,893 shares during the quarter. Keybank National Association OH’s holdings in Equinor ASA were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Capital Group LLC grew its position in shares of Equinor ASA by 27.0% during the 1st quarter. Private Capital Group LLC now owns 2,640 shares of the company’s stock worth $58,000 after buying an additional 561 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Equinor ASA during the 1st quarter worth approximately $84,000. Advisors Preferred LLC acquired a new stake in shares of Equinor ASA during the 1st quarter worth approximately $111,000. Raymond James Trust N.A. grew its position in shares of Equinor ASA by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock worth $200,000 after buying an additional 629 shares during the period. Finally, Lester Murray Antman dba SimplyRich acquired a new stake in shares of Equinor ASA during the 1st quarter worth approximately $225,000. Hedge funds and other institutional investors own 5.61% of the company’s stock.

Shares of NYSE EQNR opened at $17.12 on Wednesday. The stock has a market cap of $55.09 billion, a P/E ratio of 8.49 and a beta of 0.92. The firm has a 50 day moving average price of $18.31 and a 200 day moving average price of $20.83. 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 has a 52-week low of $16.24 and a 52-week high of $28.93.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results 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 during the quarter. Analysts predict that Equinor ASA will post 1.56 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Monday, July 1st. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Santander upgraded shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 17th. Banco Santander upgraded shares of Equinor ASA to a “hold” rating in a report on Monday, June 17th. Finally, Zacks Investment Research upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.77.

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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