UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires Shares of 91,012 Equinor ASA (NYSE:EQNR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Equinor ASA (NYSE:EQNR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 91,012 shares of the company’s stock, valued at approximately $2,305,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EQNR. Glenmede Trust Co. NA grew its stake in shares of Equinor ASA by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock worth $676,000 after purchasing an additional 1,247 shares during the period. Bank of Montreal Can grew its position in shares of Equinor ASA by 17.0% during the 3rd quarter. Bank of Montreal Can now owns 159,794 shares of the company’s stock worth $3,993,000 after buying an additional 23,213 shares during the period. DRW Securities LLC increased its stake in shares of Equinor ASA by 23.2% in the 3rd quarter. DRW Securities LLC now owns 64,779 shares of the company’s stock valued at $1,641,000 after acquiring an additional 12,198 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Equinor ASA by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock valued at $13,242,000 after acquiring an additional 16,303 shares during the period. Finally, Cerity Partners LLC boosted its stake in Equinor ASA by 28.7% during the 3rd quarter. Cerity Partners LLC now owns 26,009 shares of the company’s stock worth $659,000 after acquiring an additional 5,804 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EQNR shares. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Citigroup raised Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. 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 report on Monday, October 14th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Equinor ASA currently has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Price Performance

NYSE EQNR opened at $23.19 on Friday. The firm’s 50 day moving average is $24.13 and its 200-day moving average is $25.88. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $64.76 billion, a PE ratio of 7.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $32.66.

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

Equinor ASA 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.