UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Equinor ASA (NYSE:EQNR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 91,012 shares of the company's stock, valued at approximately $2,305,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA during the third quarter worth $31,000. Rothschild Investment LLC purchased a new stake in shares of Equinor ASA during the second quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock worth $45,000 after acquiring an additional 365 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company's stock valued at $49,000 after buying an additional 1,512 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Equinor ASA during the second quarter valued at about $51,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Down 0.4 %

Shares of Equinor ASA stock traded down $0.09 during trading hours on Friday, reaching $23.19. 2,293,493 shares of the company's stock were exchanged, compared to its average volume of 3,025,696. The company has a 50 day moving average of $24.13 and a two-hundred day moving average of $25.88. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market cap of $64.76 billion, a P/E ratio of 7.11, a P/E/G ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business posted $0.92 EPS. On average, sell-side analysts forecast that Equinor ASA will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EQNR shares. Morgan Stanley upgraded Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 target price on the stock in a report on Monday, October 14th. Redburn Atlantic raised Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. Berenberg Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Citigroup raised Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Equinor ASA has an average rating of "Hold" and a consensus target price of $26.90.

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.