Ritholtz Wealth Management Purchases 59,254 Shares of Equinor ASA (NYSE:EQNR)

Ritholtz Wealth Management raised its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 60.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 157,810 shares of the company's stock after acquiring an additional 59,254 shares during the quarter. Ritholtz Wealth Management's holdings in Equinor ASA were worth $3,739,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new stake in shares of Equinor ASA in the 3rd quarter valued at $6,203,000. Public Employees Retirement System of Ohio bought a new stake in Equinor ASA during the third quarter valued at $3,685,000. Wellington Management Group LLP grew its holdings in Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock worth $95,019,000 after acquiring an additional 132,157 shares during the period. GSA Capital Partners LLP bought a new position in shares of Equinor ASA in the 3rd quarter worth about $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Equinor ASA during the third quarter worth approximately $2,305,000. Institutional investors own 5.51% of the company's stock.

Analyst Ratings Changes

EQNR has been the topic of a number of research reports. Barclays upgraded shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th. Morgan Stanley raised Equinor ASA from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. 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 Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of "Moderate Buy" and an average target price of $29.45.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded down $0.12 during midday trading on Friday, reaching $24.94. The company's stock had a trading volume of 3,389,610 shares, compared to its average volume of 3,370,110. The stock has a market capitalization of $69.65 billion, a P/E ratio of 7.65, a PEG ratio of 1.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The firm has a 50 day moving average price of $23.88 and a 200-day moving average price of $25.23. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.49.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.97% and a net margin of 8.95%. The business had revenue of $25.45 billion for the quarter, compared to analysts' expectations of $24.45 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, equities analysts predict that Equinor ASA will post 3.36 earnings per share for the current year.

Equinor ASA Company 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.