Empowered Funds LLC Purchases 41,981 Shares of Equinor ASA (NYSE:EQNR)

Empowered Funds LLC increased its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 62.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,730 shares of the company's stock after acquiring an additional 41,981 shares during the quarter. Empowered Funds LLC's holdings in Equinor ASA were worth $2,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company's stock valued at $183,354,000 after buying an additional 6,507,511 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Equinor ASA in the third quarter valued at about $6,203,000. Manning & Napier Advisors LLC purchased a new stake in shares of Equinor ASA in the second quarter valued at about $5,271,000. Earnest Partners LLC raised its holdings in shares of Equinor ASA by 4.5% in the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company's stock valued at $104,485,000 after purchasing an additional 166,131 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Equinor ASA by 1,334.9% in the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company's stock valued at $5,055,000 after purchasing an additional 164,658 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Performance

NYSE EQNR traded up $0.71 during trading hours on Wednesday, reaching $24.38. 3,094,605 shares of the company were exchanged, compared to its average volume of 3,408,972. The stock has a market capitalization of $68.09 billion, a P/E ratio of 7.27, a P/E/G ratio of 5.21 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. The business's 50 day simple moving average is $24.59 and its 200-day simple moving average is $26.41. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share 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 during the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter last year, the company earned $0.92 earnings per share. On average, equities research analysts expect that Equinor ASA will post 3.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on EQNR. StockNews.com upgraded shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Redburn Atlantic upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating in a report on Wednesday. Morgan Stanley upgraded shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 target price for the company in a report on Monday, October 14th. Barclays upgraded shares of Equinor ASA to a "hold" rating in a report on Wednesday, October 2nd. 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, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.90.

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.