MML Investors Services LLC Has $261,000 Holdings in Equinor ASA (NYSE:EQNR)

MML Investors Services LLC decreased its position in shares of Equinor ASA (NYSE:EQNR) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,308 shares of the company’s stock after selling 2,915 shares during the quarter. MML Investors Services LLC’s holdings in Equinor ASA were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQNR. Bank of New York Mellon Corp grew its holdings in shares of Equinor ASA by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company’s stock worth $13,704,000 after purchasing an additional 2,894 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Equinor ASA by 42.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,261 shares of the company’s stock worth $122,000 after acquiring an additional 1,278 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Equinor ASA by 401.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company’s stock valued at $4,933,000 after acquiring an additional 138,273 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Equinor ASA during the second quarter valued at $271,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Equinor ASA during the second quarter worth $51,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $22.79 on Thursday. The firm has a 50 day moving average of $23.72 and a 200-day moving average of $25.57. The company has a market cap of $63.65 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 1.20 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 52 week low of $21.85 and a 52 week high of $32.66.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts forecast that Equinor ASA will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQNR. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.90.

About Equinor ASA

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.