Teachers Retirement System of The State of Kentucky Sells 734,760 Shares of Equinor ASA (NYSE:EQNR)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 85.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,810 shares of the company's stock after selling 734,760 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Equinor ASA were worth $3,237,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWM LLC boosted its stake in Equinor ASA by 29.6% in the second quarter. CWM LLC now owns 2,823 shares of the company's stock worth $81,000 after purchasing an additional 645 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Equinor ASA by 27.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,598 shares of the company's stock worth $274,000 after buying an additional 2,053 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Equinor ASA by 3.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,114 shares of the company's stock valued at $517,000 after acquiring an additional 560 shares in the last quarter. Blue Trust Inc. increased its position in Equinor ASA by 242.9% in the 2nd quarter. Blue Trust Inc. now owns 10,932 shares of the company's stock valued at $295,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Milestone Asset Management LLC bought a new position in shares of Equinor ASA in the second quarter worth about $794,000. Institutional investors own 5.51% of the company's stock.

Equinor ASA Trading Down 0.4 %

Shares of EQNR stock traded down $0.09 on Friday, hitting $23.19. The stock had a trading volume of 2,293,493 shares, compared to its average volume of 3,025,696. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $32.66. The company has a fifty day moving average price of $24.13 and a two-hundred day moving average price of $25.88. The firm has a market cap of $64.76 billion, a P/E ratio of 7.11, a PEG ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating 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 return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the business posted $0.92 EPS. As a group, analysts forecast that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on EQNR. JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Morgan Stanley upgraded Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price target on the stock in a report on Monday, October 14th. Redburn Atlantic raised Equinor ASA from a "neutral" rating to a "buy" rating in a report on Wednesday, November 20th. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Citigroup upgraded shares of Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.