Sarasin & Partners LLP Has $9.61 Million Stake in Equinor ASA (NYSE:EQNR)

Sarasin & Partners LLP decreased its position in Equinor ASA (NYSE:EQNR - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,627 shares of the company's stock after selling 141,949 shares during the quarter. Sarasin & Partners LLP's holdings in Equinor ASA were worth $9,609,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 valued at $45,000 after acquiring an additional 365 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company's stock valued at $480,000 after purchasing an additional 440 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after buying an additional 543 shares during the last quarter. Profund Advisors LLC increased its position 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 buying an additional 559 shares during the period. Finally, Ipswich Investment Management Co. Inc. lifted its stake in Equinor ASA by 1.2% in the third quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company's stock valued at $2,057,000 after buying an additional 1,000 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Price Performance

Shares of NYSE EQNR traded down $0.12 during midday trading on Monday, reaching $24.94. The company's stock had a trading volume of 3,389,610 shares, compared to its average volume of 2,144,319. Equinor ASA has a one year low of $21.85 and a one year high of $29.49. The company has a market cap of $69.65 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The company has a 50 day moving average price of $23.93 and a 200 day moving average price of $25.16. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $25.45 billion for 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 prior year, the company earned $0.92 earnings per share. On average, equities research analysts expect that Equinor ASA will post 3.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EQNR shares. StockNews.com raised shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Berenberg Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Finally, Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.45.

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.