Wells Fargo & Company MN Has $10.48 Million Stock Position in Equinor ASA (NYSE:EQNR)

Wells Fargo & Company MN lessened its stake in shares of Equinor ASA (NYSE:EQNR) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 529,954 shares of the company’s stock after selling 16,934 shares during the quarter. Wells Fargo & Company MN’s holdings in Equinor ASA were worth $10,482,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV bought a new position in Equinor ASA in the 1st quarter valued at $229,000. Janney Montgomery Scott LLC grew its holdings in shares of Equinor ASA by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,434 shares of the company’s stock valued at $383,000 after acquiring an additional 481 shares in the last quarter. Moors & Cabot Inc. bought a new position in Equinor ASA during the first quarter worth about $322,000. Greenleaf Trust grew its holdings in Equinor ASA by 62.1% during the first quarter. Greenleaf Trust now owns 59,905 shares of the company’s stock worth $1,316,000 after purchasing an additional 22,942 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Equinor ASA by 4.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,199,236 shares of the company’s stock worth $26,347,000 after acquiring an additional 46,268 shares during the period. 5.73% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Monday, July 1st. Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 1st. Banco Santander upgraded shares of Equinor ASA to a “hold” rating in a report on Monday, June 17th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Santander raised shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Equinor ASA presently has a consensus rating of “Hold” and an average target price of $24.77.



EQNR stock traded down $0.11 during trading on Thursday, hitting $19.09. The company had a trading volume of 90,809 shares, compared to its average volume of 1,567,452. The company has a quick ratio of 1.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Equinor ASA has a 52-week low of $16.24 and a 52-week high of $28.93. The company has a 50 day simple moving average of $17.35 and a 200-day simple moving average of $20.23. The firm has a market capitalization of $64.10 billion, a P/E ratio of 9.46 and a beta of 0.93.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. The company had revenue of $17.10 billion during the quarter. Sell-side analysts forecast that Equinor ASA will post 1.56 earnings per share for the current 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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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