Charles Schwab Investment Management Inc. Has $979,000 Holdings in Equinor ASA (NYSE:EQNR)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Equinor ASA (NYSE:EQNR) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,642 shares of the company’s stock after selling 1,230 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Equinor ASA were worth $979,000 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 the business. EverSource Wealth Advisors LLC increased its holdings in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Equinor ASA by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock worth $1,618,000 after acquiring an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock worth $480,000 after acquiring an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after acquiring an additional 543 shares during the last quarter. Finally, Profund Advisors LLC increased its position in Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after purchasing an additional 559 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EQNR. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Price Performance

Shares of EQNR opened at $22.68 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market capitalization of $63.34 billion, a PE ratio of 6.96, a P/E/G ratio of 1.20 and a beta of 0.84. The stock has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $25.77. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $32.66.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion for the quarter, compared to analyst estimates 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 last year, the business posted $0.92 earnings per share. Sell-side analysts predict that Equinor ASA will post 3.35 EPS 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.