Fisher Asset Management LLC Has $13.24 Million Stock Position in Equinor ASA (NYSE:EQNR)

Fisher Asset Management LLC lifted its stake in Equinor ASA (NYSE:EQNR) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 522,763 shares of the company’s stock after acquiring an additional 16,303 shares during the quarter. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $13,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atwood & Palmer Inc. acquired a new stake in shares of Equinor ASA in the second quarter valued at about $25,000. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA in the third quarter valued at about $31,000. Rothschild Investment LLC acquired a new stake in shares of Equinor ASA in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 365 shares during the period. Finally, Bruce G. Allen Investments LLC grew 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 worth $49,000 after purchasing an additional 1,512 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Equinor ASA has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Stock Up 2.0 %

Shares of EQNR opened at $24.37 on Thursday. Equinor ASA has a one year low of $22.15 and a one year high of $32.87. The company has a market cap of $68.06 billion, a P/E ratio of 7.48, a P/E/G ratio of 5.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $24.53 and a two-hundred day simple moving average of $26.26.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Research analysts forecast that Equinor ASA will post 3.31 EPS 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.