Fisher Asset Management LLC Has $13.24 Million Holdings in Equinor ASA (NYSE:EQNR)

Fisher Asset Management LLC boosted its stake in Equinor ASA (NYSE:EQNR) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 522,763 shares of the company’s stock after purchasing an additional 16,303 shares during the period. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $13,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Equinor ASA in the third quarter valued at $1,933,000. Cetera Investment Advisers increased its holdings in Equinor ASA by 52.7% in the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after purchasing an additional 24,052 shares during the period. Milestone Asset Management LLC acquired a new stake in Equinor ASA in the second quarter valued at $794,000. Truist Financial Corp increased its holdings in Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Equinor ASA in the third quarter valued at $2,509,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

EQNR stock opened at $24.37 on Thursday. The stock has a market capitalization of $68.06 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 5.30 and a beta of 0.84. The company’s 50-day moving average is $24.53 and its 200-day moving average is $26.26. 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 has a 1 year low of $22.15 and a 1 year high of $32.87.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on EQNR shares. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.90.

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.