Sarasin & Partners LLP Sells 141,949 Shares of Equinor ASA (NYSE:EQNR)

Sarasin & Partners LLP lessened its holdings in shares of Equinor ASA (NYSE:EQNR) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,627 shares of the company’s stock after selling 141,949 shares during the period. Sarasin & Partners LLP’s holdings in Equinor ASA were worth $9,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Equinor ASA during the 3rd quarter valued at about $1,933,000. Cetera Investment Advisers lifted its holdings in shares of Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after purchasing an additional 24,052 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Equinor ASA in the 3rd quarter worth approximately $2,509,000. Truist Financial Corp grew its stake in shares of Equinor ASA by 9.2% in the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after buying an additional 1,167 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Equinor ASA by 52.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after buying an additional 29,516 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Trading Down 0.5 %

Shares of NYSE:EQNR opened at $24.94 on Monday. The stock’s 50-day simple moving average is $23.93 and its two-hundred day simple moving average is $25.18. The stock has a market capitalization of $69.65 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.31 and a beta of 0.84. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.49. 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 (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (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 for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Analysts expect that Equinor ASA will post 3.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EQNR. Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Equinor ASA presently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

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.