Y Intercept Hong Kong Ltd Sells 70,685 Shares of Equinor ASA (NYSE:EQNR)

Y Intercept Hong Kong Ltd reduced its position in Equinor ASA (NYSE:EQNR - Free Report) by 82.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,363 shares of the company's stock after selling 70,685 shares during the period. Y Intercept Hong Kong Ltd's holdings in Equinor ASA were worth $389,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EQNR. EverSource Wealth Advisors LLC boosted its holdings 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 last quarter. Crossmark Global Holdings Inc. boosted its holdings in Equinor ASA by 0.7% in the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company's stock valued at $1,618,000 after acquiring an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Equinor ASA by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company's stock valued at $480,000 after acquiring an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock valued at $122,000 after acquiring an additional 543 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company's stock valued at $550,000 after acquiring an additional 559 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 1.5 %

NYSE EQNR traded up $0.33 on Tuesday, reaching $22.68. The stock had a trading volume of 2,114,620 shares, compared to its average volume of 3,370,300. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $32.66. The business has a 50 day moving average price of $24.00 and a 200 day moving average price of $25.77. The company has a market capitalization of $63.34 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 1.20 and a beta of 0.84. 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 announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during 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 previous year, the firm earned $0.92 earnings per share. On average, analysts forecast that Equinor ASA will post 3.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 25th. Redburn Atlantic raised Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. Citigroup raised Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. Berenberg Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.