Suntrust Banks Inc. lessened its position in shares of Equinor ASA (NYSE:EQNR) by 41.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,981 shares of the company’s stock after selling 46,807 shares during the period. Suntrust Banks Inc.’s holdings in Equinor ASA were worth $1,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQNR. Cornerstone Advisors Inc. grew its holdings in Equinor ASA by 289.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 892 shares of the company’s stock worth $25,000 after acquiring an additional 663 shares in the last quarter. We Are One Seven LLC acquired a new position in Equinor ASA during the 4th quarter worth approximately $31,000. BOKF NA acquired a new position in Equinor ASA during the 4th quarter worth approximately $35,000. Lindbrook Capital LLC acquired a new position in shares of Equinor ASA in the 4th quarter valued at $52,000. Finally, Legacy Financial Advisors Inc. boosted its holdings in shares of Equinor ASA by 8,963.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock valued at $58,000 after buying an additional 2,689 shares in the last quarter. Institutional investors own 5.45% of the company’s stock.

Several research analysts have recently issued reports on EQNR shares. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating and set a $23.07 target price for the company. in a report on Tuesday, December 11th. Goldman Sachs Group cut shares of Equinor ASA from a “neutral” rating to a “sell” rating in a report on Thursday, December 13th. Pareto Securities cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Thursday, November 29th. Finally, Credit Suisse Group cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Equinor ASA presently has an average rating of “Hold” and a consensus target price of $26.36.

EQNR stock opened at $22.05 on Thursday. Equinor ASA has a 12 month low of $19.95 and a 12 month high of $28.93. The firm has a market capitalization of $74.83 billion, a P/E ratio of 10.92 and a beta of 0.91. The company has a quick ratio of 1.44, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). Equinor ASA had a net margin of 9.47% and a return on equity of 15.88%. The business had revenue of $22.44 billion during the quarter. On average, equities research analysts forecast that Equinor ASA will post 1.74 earnings per share for the current fiscal year.

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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 USA; 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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