Bank of New York Mellon Corp purchased a new stake in shares of Equinor ASA (NYSE:EQNR) during the second quarter, HoldingsChannel.com reports. The fund purchased 69,885 shares of the company’s stock, valued at approximately $1,846,000.
Other large investors have also bought and sold shares of the company. Boston Common Asset Management LLC bought a new stake in Equinor ASA during the second quarter worth approximately $14,457,000. Checchi Capital Advisers LLC bought a new stake in Equinor ASA during the second quarter worth approximately $444,000. Navellier & Associates Inc bought a new stake in Equinor ASA during the second quarter worth approximately $866,000. Sei Investments Co. bought a new stake in Equinor ASA during the second quarter worth approximately $28,213,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Equinor ASA during the second quarter worth approximately $2,401,000. 5.17% of the stock is currently owned by institutional investors and hedge funds.
EQNR has been the topic of several analyst reports. Berenberg Bank initiated coverage on Equinor ASA in a research note on Tuesday, September 11th. They set a “hold” rating on the stock. Bank of America raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Friday, October 5th. Barclays raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, September 11th. Zacks Investment Research cut Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, Macquarie raised Equinor ASA from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 3rd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.
Shares of NYSE:EQNR opened at $26.88 on Friday. Equinor ASA has a 1 year low of $19.74 and a 1 year high of $28.93. The company has a market cap of $93.71 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. The business had revenue of $18.14 billion during the quarter. Analysts anticipate that Equinor ASA will post 1.87 EPS for the current fiscal year.
Equinor ASA Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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