Natixis Advisors LLC Has $982,000 Holdings in Equinor ASA (NYSE:EQNR)

Natixis Advisors LLC trimmed its holdings in Equinor ASA (NYSE:EQNR) by 84.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,775 shares of the company’s stock after selling 205,476 shares during the period. Natixis Advisors LLC’s holdings in Equinor ASA were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Toronto Dominion Bank acquired a new position in shares of Equinor ASA in the 1st quarter valued at approximately $77,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Equinor ASA by 15.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 61,964 shares of the company’s stock valued at $1,675,000 after buying an additional 8,330 shares during the period. iA Global Asset Management Inc. increased its position in shares of Equinor ASA by 11.0% during the first quarter. iA Global Asset Management Inc. now owns 28,144 shares of the company’s stock worth $761,000 after acquiring an additional 2,790 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Equinor ASA during the first quarter worth $670,000. Finally, GAMMA Investing LLC lifted its position in Equinor ASA by 44.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock valued at $61,000 after acquiring an additional 663 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Trading Down 1.9 %

Shares of Equinor ASA stock opened at $23.90 on Wednesday. The stock has a market cap of $66.73 billion, a P/E ratio of 7.33, a P/E/G ratio of 5.37 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $33.19. The business’s 50 day moving average is $24.54 and its 200-day moving average is $26.28.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $24.45 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. Equities research analysts predict that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on EQNR shares. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research note on Monday, October 14th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.