Equinor ASA (NYSE:EQNR) Position Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Equinor ASA (NYSE:EQNR) by 85.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,810 shares of the company’s stock after selling 734,760 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Equinor ASA were worth $3,237,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Equinor ASA during the 3rd quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its holdings in Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after acquiring an additional 1,512 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Equinor ASA during the 2nd quarter valued at $51,000. Institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EQNR. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a report on Monday, October 14th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Stock Down 0.4 %

NYSE EQNR opened at $23.19 on Friday. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $32.66. The company has a market capitalization of $64.76 billion, a P/E ratio of 7.11, a PEG ratio of 1.23 and a beta of 0.84. The company’s 50 day simple moving average is $24.13 and its 200 day simple moving average is $25.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

About Equinor ASA

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.