Fmr LLC Sells 1,314,136 Shares of Equinor ASA (NYSE:EQNR)

FMR LLC lowered its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,353,049 shares of the company's stock after selling 1,314,136 shares during the period. FMR LLC owned about 0.51% of Equinor ASA worth $363,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new stake in shares of Equinor ASA during the second quarter valued at $25,000. Rothschild Investment LLC acquired a new stake in Equinor ASA during the 2nd quarter worth about $32,000. Reston Wealth Management LLC purchased a new stake in Equinor ASA during the third quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock worth $45,000 after buying an additional 365 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Equinor ASA in the second quarter worth approximately $51,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Down 0.8 %

Shares of Equinor ASA stock traded down $0.19 during midday trading on Friday, reaching $24.18. 1,287,244 shares of the company's stock traded hands, compared to its average volume of 4,582,938. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $32.66. The company's 50 day simple moving average is $24.50 and its 200 day simple moving average is $26.19. The company has a market cap of $67.53 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 5.26 and a beta of 0.84.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced 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 company 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 previous year, the firm earned $0.92 earnings per share. Equities analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EQNR has been the subject of several research analyst reports. Redburn Atlantic upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 target price for the company in a research report on Monday, October 14th. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com upgraded shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Equinor ASA has an average rating of "Moderate Buy" and a consensus target price 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.