Public Employees Retirement System of Ohio Invests $3.69 Million in Equinor ASA (NYSE:EQNR)

Public Employees Retirement System of Ohio purchased a new position in Equinor ASA (NYSE:EQNR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 145,484 shares of the company's stock, valued at approximately $3,685,000.

Other large investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new position in Equinor ASA in the 3rd quarter valued at $6,203,000. Commonwealth Equity Services LLC boosted its position in Equinor ASA by 1,334.9% during the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company's stock worth $5,055,000 after acquiring an additional 164,658 shares during the last quarter. Summit Global Investments grew its stake in Equinor ASA by 290.0% during the 2nd quarter. Summit Global Investments now owns 199,823 shares of the company's stock valued at $5,707,000 after acquiring an additional 148,580 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Equinor ASA by 401.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company's stock valued at $4,933,000 after acquiring an additional 138,273 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock valued at $95,019,000 after acquiring an additional 132,157 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Trading Down 3.6 %

Shares of NYSE:EQNR traded down $0.84 during midday trading on Monday, reaching $22.35. 2,760,177 shares of the company's stock were exchanged, compared to its average volume of 3,375,486. The stock has a market cap of $62.42 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 1.20 and a beta of 0.84. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66. The firm's 50 day simple moving average is $24.05 and its two-hundred day simple moving average is $25.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion for 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 period in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts forecast that Equinor ASA will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQNR shares. StockNews.com cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Thursday. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Citigroup raised shares of Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.