Equinor ASA (NYSE:EQNR) Position Increased by Bank of Montreal Can

Bank of Montreal Can increased its position in Equinor ASA (NYSE:EQNR - Free Report) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,794 shares of the company's stock after buying an additional 23,213 shares during the quarter. Bank of Montreal Can's holdings in Equinor ASA were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC bought a new stake in Equinor ASA in the second quarter valued at approximately $32,000. Reston Wealth Management LLC purchased a new stake in Equinor ASA in the third quarter worth about $31,000. EverSource Wealth Advisors LLC raised its position in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Equinor ASA in the 2nd quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its position in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company's stock valued at $49,000 after purchasing an additional 1,512 shares during the period. Institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EQNR. StockNews.com raised Equinor ASA from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 29th. UBS Group raised Equinor ASA from a "sell" rating to a "neutral" rating in a research report on Thursday, August 8th. Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price target on the stock in a research note on Monday, October 14th. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. Finally, Barclays upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.90.

Equinor ASA Price Performance

Shares of EQNR stock traded down $0.45 during trading hours on Wednesday, hitting $24.12. The company's stock had a trading volume of 1,066,381 shares, compared to its average volume of 3,386,493. The business has a fifty day moving average of $24.46 and a 200-day moving average of $26.13. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $32.66. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 5.24 and a beta of 0.84. 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 (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter last year, the company earned $0.92 earnings per share. As a group, equities research analysts anticipate that Equinor ASA will post 3.31 EPS for the current 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.