Equinor ASA (NYSE:EQNR) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 98.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,055 shares of the company's stock after selling 891,571 shares during the period. Verition Fund Management LLC's holdings in Equinor ASA were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 365 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Equinor ASA by 0.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company's stock worth $1,618,000 after buying an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company's stock valued at $480,000 after buying an additional 440 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock valued at $122,000 after acquiring an additional 543 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company's stock worth $550,000 after acquiring an additional 559 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Price Performance

NYSE EQNR traded down $0.10 on Friday, hitting $23.18. The company had a trading volume of 2,293,104 shares, compared to its average volume of 3,378,036. 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 company's fifty day moving average price is $24.21 and its 200-day moving average price is $25.93. The company has a market capitalization of $64.74 billion, a PE ratio of 7.14, a PEG ratio of 1.23 and a beta of 0.84. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $32.66.

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 (EPS) 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 company had revenue of $25.45 billion for the quarter, compared to analysts' expectations of $24.45 billion. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts predict that Equinor ASA will post 3.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on EQNR shares. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. Redburn Atlantic raised shares of Equinor ASA from a "neutral" rating to a "buy" rating in a report on Wednesday, November 20th. Finally, StockNews.com lowered Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Equinor ASA presently 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.