Tidal Investments LLC Decreases Stake in Equinor ASA (NYSE:EQNR)

Tidal Investments LLC lowered its stake in shares of Equinor ASA (NYSE:EQNR) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,967 shares of the company’s stock after selling 7,021 shares during the period. Tidal Investments LLC’s holdings in Equinor ASA were worth $1,620,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA during the 3rd quarter worth approximately $31,000. Rothschild Investment LLC purchased a new stake in shares of Equinor ASA during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Equinor ASA during the 2nd quarter worth approximately $51,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Up 1.5 %

Shares of NYSE:EQNR opened at $22.68 on Wednesday. The firm has a fifty day moving average price of $24.00 and a two-hundred day moving average price of $25.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a one year low of $22.15 and a one year high of $32.66. The company has a market cap of $63.34 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.45 billion. During the same period last year, the firm earned $0.92 EPS. Analysts anticipate that Equinor ASA will post 3.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EQNR has been the subject of several research analyst reports. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Company 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.