Equinor ASA $EQNR Stock Position Raised by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of Equinor ASA (NYSE:EQNR) by 32.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,228 shares of the company’s stock after buying an additional 20,117 shares during the quarter. Vise Technologies Inc.’s holdings in Equinor ASA were worth $3,421,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EQNR. Aprio Wealth Management LLC acquired a new stake in Equinor ASA during the 3rd quarter worth about $252,000. Sage Rhino Capital LLC bought a new stake in Equinor ASA in the third quarter worth approximately $207,000. Financial Network Wealth Advisors LLC lifted its stake in Equinor ASA by 93.1% in the third quarter. Financial Network Wealth Advisors LLC now owns 840 shares of the company’s stock valued at $35,000 after buying an additional 405 shares during the period. DMC Group LLC bought a new position in shares of Equinor ASA during the 3rd quarter worth approximately $689,000. Finally, Park Avenue Securities LLC grew its position in shares of Equinor ASA by 2.7% during the 3rd quarter. Park Avenue Securities LLC now owns 9,341 shares of the company’s stock worth $389,000 after buying an additional 249 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

EQNR stock opened at $45.60 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.16. The business has a 50-day simple moving average of $44.15 and a two-hundred day simple moving average of $37.64. The company has a market capitalization of $109.02 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.27 and a beta of 0.12. Equinor ASA has a 52-week low of $22.26 and a 52-week high of $49.08.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.18). Equinor ASA had a net margin of 9.71% and a return on equity of 27.45%. The company had revenue of $32.96 billion during the quarter, compared to analysts’ expectations of $33.30 billion. Research analysts expect that Equinor ASA will post 5.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EQNR shares. Zacks Research upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. Morningstar lowered Equinor ASA to a “sell” rating in a research report on Thursday, July 23rd. Bank of America upgraded Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Friday, September 18th. Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Berenberg Bank reiterated a “hold” rating on shares of Equinor ASA in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.47.

Equinor ASA Profile

Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.

Equinor’s core business is the exploration, development, production and marketing of oil and natural gas, with Norway’s continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.

In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.