Quantbot Technologies LP Purchases 82,704 Shares of Equinor ASA (NYSE:EQNR)

Quantbot Technologies LP increased its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 207.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,604 shares of the company's stock after acquiring an additional 82,704 shares during the quarter. Quantbot Technologies LP's holdings in Equinor ASA were worth $3,314,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Equinor ASA during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company's stock worth $34,000 after purchasing an additional 629 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $41,000. Princeton Global Asset Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $43,000. Finally, GAMMA Investing LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $46,000. Institutional investors own 5.51% of the company's stock.

Wall Street Analyst Weigh In

EQNR has been the topic of several analyst reports. TD Cowen lowered their target price on Equinor ASA from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday. StockNews.com upgraded shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.25.

Equinor ASA Price Performance

EQNR stock traded up $0.28 during trading hours on Friday, hitting $27.18. 2,187,962 shares of the stock traded hands, compared to its average volume of 2,091,542. The stock has a 50-day simple moving average of $28.09 and a 200 day simple moving average of $27.82. The company has a market cap of $80.04 billion, a P/E ratio of 8.41, a P/E/G ratio of 3.58 and a beta of 0.84. Equinor ASA has a one year low of $24.44 and a one year high of $34.73. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.18. The company had revenue of $25.14 billion during the quarter, compared to the consensus estimate of $25.03 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. Equities analysts forecast that Equinor ASA will post 3.46 earnings per share 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.