Townsquare Capital LLC Lowers Stake in Equinor ASA (NYSE:EQNR)

Townsquare Capital LLC decreased its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 86.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,789 shares of the company's stock after selling 113,051 shares during the quarter. Townsquare Capital LLC's holdings in Equinor ASA were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Mediolanum International Funds Ltd bought a new stake in Equinor ASA during the 3rd quarter valued at $6,203,000. Manning & Napier Advisors LLC bought a new position in Equinor ASA in the 2nd quarter valued at about $5,271,000. Commonwealth Equity Services LLC lifted its position in Equinor ASA by 1,334.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company's stock valued at $5,055,000 after acquiring an additional 164,658 shares in the last quarter. Summit Global Investments boosted 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 during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings 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 worth $4,933,000 after purchasing an additional 138,273 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Equinor ASA stock traded up $0.12 during midday trading on Thursday, reaching $24.11. 1,397,159 shares of the stock were exchanged, compared to its average volume of 3,385,272. The company's fifty day moving average is $24.45 and its 200-day moving average is $26.10. The firm has a market cap of $67.33 billion, a PE ratio of 7.40, a PEG ratio of 5.34 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $22.15 and a 52 week 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, beating 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 during the quarter, compared to analyst estimates of $24.45 billion. During the same quarter last year, the company earned $0.92 earnings per share. On average, sell-side analysts forecast that Equinor ASA will post 3.31 EPS for the current year.

Analysts Set New Price Targets

EQNR has been the subject of a number of analyst reports. Citigroup raised Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. Redburn Atlantic raised shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. Finally, UBS Group upgraded shares of Equinor ASA from a "sell" rating to a "neutral" rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Equinor ASA presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.90.

Equinor ASA Company 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.