Equinor ASA (NYSE:EQNR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Equinor ASA (NYSE:EQNR) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,267 shares of the company’s stock after acquiring an additional 9,512 shares during the quarter. JPMorgan Chase & Co.’s holdings in Equinor ASA were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EQNR. Reston Wealth Management LLC acquired a new position in shares of Equinor ASA during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after acquiring an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after acquiring an additional 1,512 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Equinor ASA by 12.7% during the 3rd 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, Clearbridge Investments LLC acquired a new stake in Equinor ASA during the 2nd quarter worth approximately $205,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Stock Down 1.5 %

NYSE EQNR opened at $24.56 on Wednesday. The stock has a market cap of $68.58 billion, a PE ratio of 7.53, a P/E/G ratio of 1.29 and a beta of 0.84. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.49. The business has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $25.13. 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 (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, sell-side analysts predict that Equinor ASA will post 3.36 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.