Suntrust Banks Inc. Has $1.42 Million Holdings in Equinor ASA (EQNR)
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.
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.
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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