Crossmark Global Holdings Inc. Increases Holdings in Equinor ASA (NYSE:EQNR)

Crossmark Global Holdings Inc. lifted its position in Equinor ASA (NYSE:EQNR) by 52.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,174 shares of the company’s stock after purchasing an additional 29,516 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Equinor ASA were worth $2,183,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers raised its position in Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after acquiring an additional 24,052 shares in the last quarter. Milestone Asset Management LLC purchased a new position in Equinor ASA during the second quarter valued at approximately $794,000. International Assets Investment Management LLC purchased a new position in Equinor ASA during the third quarter valued at approximately $1,933,000. Truist Financial Corp raised its position in Equinor ASA by 9.2% during the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares in the last quarter. Finally, US Bancorp DE raised its position in Equinor ASA by 228.5% during the first quarter. US Bancorp DE now owns 161,639 shares of the company’s stock valued at $4,369,000 after acquiring an additional 112,438 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $22.52 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business’s 50 day moving average price is $24.78 and its 200-day moving average price is $26.56. The firm has a market capitalization of $62.89 billion, a PE ratio of 6.91, a P/E/G ratio of 5.01 and a beta of 0.84. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.63.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results 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. The firm had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, equities research analysts expect that Equinor ASA will post 3.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQNR. Barclays upgraded Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a report on Monday, October 14th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and a consensus target price 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.