D. E. Shaw & Co. Inc. Purchases New Stake in Equinor ASA (NYSE:EQNR)

D. E. Shaw & Co. Inc. purchased a new stake in shares of Equinor ASA (NYSE:EQNR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 894,840 shares of the company’s stock, valued at approximately $17,700,000.

Other large investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors bought a new stake in Equinor ASA during the 2nd quarter valued at $36,000. FinTrust Capital Advisors LLC raised its holdings in Equinor ASA by 713.0% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,195 shares of the company’s stock valued at $83,000 after buying an additional 3,679 shares during the last quarter. Assetmark Inc. raised its holdings in Equinor ASA by 44.7% during the 2nd quarter. Assetmark Inc. now owns 5,982 shares of the company’s stock valued at $118,000 after buying an additional 1,847 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Equinor ASA by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock worth $200,000 after purchasing an additional 629 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Equinor ASA in the 2nd quarter worth $213,000. Institutional investors own 5.73% of the company’s stock.

Several brokerages have commented on EQNR. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to a “neutral” rating in a report on Monday, September 16th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Santander upgraded shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 17th. Credit Suisse Group upgraded shares of Equinor ASA from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 4th. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.77.



Shares of NYSE EQNR opened at $19.57 on Wednesday. The firm has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $20.07. The firm has a market capitalization of $66.27 billion, a PE ratio of 9.69 and a beta of 0.93. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. Equinor ASA has a 12 month low of $16.24 and a 12 month high of $28.93.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The business had revenue of $17.10 billion during the quarter. Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. On average, sell-side analysts predict that Equinor ASA will post 1.57 earnings per share for the current year.

Equinor ASA Company 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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