Equinor ASA (NYSE:EQNR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 94.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,066 shares of the company's stock after selling 87,039 shares during the quarter. Quantbot Technologies LP's holdings in Equinor ASA were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $6,203,000. Manning & Napier Advisors LLC acquired a new position in Equinor ASA during the 2nd quarter valued at about $5,271,000. Commonwealth Equity Services LLC grew its stake in shares of 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 increased 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 purchasing an additional 148,580 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Equinor ASA by 401.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company's stock worth $4,933,000 after purchasing an additional 138,273 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Wall Street Analysts Forecast Growth

EQNR has been the topic of several research analyst reports. Citigroup raised Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price target on the stock in a research note on Monday, October 14th. Finally, UBS Group raised Equinor ASA from a "sell" rating to a "neutral" rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.90.

Equinor ASA Stock Down 3.7 %

Shares of NYSE EQNR traded down $0.89 during midday trading on Friday, hitting $23.23. 2,748,676 shares of the company's stock were exchanged, compared to its average volume of 3,382,575. The firm's fifty day simple moving average is $24.45 and its 200-day simple moving average is $26.10. The company has a market cap of $64.88 billion, a PE ratio of 7.13, a P/E/G ratio of 5.34 and a beta of 0.84. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $32.66. 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 data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Research analysts predict that Equinor ASA will post 3.31 EPS for the current fiscal 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.