Wellington Management Group LLP Increases Stake in Equinor ASA (NYSE:EQNR)

Wellington Management Group LLP grew its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,751,243 shares of the company's stock after buying an additional 132,157 shares during the period. Wellington Management Group LLP owned 0.13% of Equinor ASA worth $95,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EQNR. Teachers Retirement System of The State of Kentucky boosted its stake in Equinor ASA by 1.4% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company's stock worth $24,635,000 after buying an additional 11,500 shares during the last quarter. Cambiar Investors LLC boosted its position in shares of Equinor ASA by 3.9% during the 2nd quarter. Cambiar Investors LLC now owns 572,243 shares of the company's stock valued at $16,343,000 after acquiring an additional 21,469 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Equinor ASA by 3.2% in the third quarter. Fisher Asset Management LLC now owns 522,763 shares of the company's stock valued at $13,242,000 after purchasing an additional 16,303 shares during the period. Bank of New York Mellon Corp increased its position in Equinor ASA by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company's stock worth $13,704,000 after purchasing an additional 2,894 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Equinor ASA by 13.3% during the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company's stock worth $11,898,000 after purchasing an additional 49,029 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Redburn Atlantic raised shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. StockNews.com raised Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 29th. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. Citigroup upgraded shares of Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.90.

Equinor ASA Trading Down 0.8 %

Equinor ASA stock traded down $0.19 during midday trading on Tuesday, reaching $23.62. 2,567,741 shares of the stock traded hands, compared to its average volume of 3,385,635. 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 firm has a market cap of $65.97 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 5.05 and a beta of 0.84. The company has a 50-day simple moving average of $24.38 and a two-hundred day simple moving average of $26.00. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $32.66.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to analysts' expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the business posted $0.92 earnings per share. Research analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

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.