Marshall Wace LLP Invests $213,000 in Equinor ASA (NYSE:EQNR)

Marshall Wace LLP bought a new position in shares of Equinor ASA (NYSE:EQNR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,777 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds also recently made changes to their positions in EQNR. Acadian Asset Management LLC acquired a new position in shares of Equinor ASA during the first quarter worth approximately $1,393,000. NumerixS Investment Technologies Inc lifted its holdings in Equinor ASA by 73.7% in the first quarter. NumerixS Investment Technologies Inc now owns 13,200 shares of the company’s stock valued at $290,000 after buying an additional 5,600 shares during the period. Federated Investors Inc. PA lifted its holdings in Equinor ASA by 87.5% in the first quarter. Federated Investors Inc. PA now owns 400,186 shares of the company’s stock valued at $8,792,000 after buying an additional 186,787 shares during the period. Jennison Associates LLC lifted its holdings in Equinor ASA by 14.3% in the first quarter. Jennison Associates LLC now owns 678,524 shares of the company’s stock valued at $14,907,000 after buying an additional 84,679 shares during the period. Finally, U S Global Investors Inc. acquired a new position in Equinor ASA in the first quarter valued at approximately $549,000. Institutional investors own 5.73% of the company’s stock.

EQNR opened at $18.36 on Friday. The firm’s fifty day moving average is $18.16 and its two-hundred day moving average is $19.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43. The firm has a market cap of $63.23 billion, a PE ratio of 9.09 and a beta of 0.94. Equinor ASA has a twelve month low of $16.24 and a twelve month high of $28.26.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). The firm 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%. Equities analysts forecast that Equinor ASA will post 1.57 EPS for the current fiscal year.

Several brokerages recently weighed in on EQNR. Zacks Investment Research upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Danske lowered shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group upgraded shares of Equinor ASA from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 4th. Finally, Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Equinor ASA currently has an average rating of “Hold” and an average target price of $24.77.

About Equinor ASA

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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