Natixis Advisors LLC Sells 205,476 Shares of Equinor ASA (NYSE:EQNR)

Natixis Advisors LLC cut its stake in shares of Equinor ASA (NYSE:EQNR) by 84.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,775 shares of the company’s stock after selling 205,476 shares during the quarter. Natixis Advisors LLC’s holdings in Equinor ASA were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EQNR. Atwood & Palmer Inc. acquired a new position in Equinor ASA in the 2nd quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Equinor ASA in the third quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its position in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the period. Finally, Bruce G. Allen Investments LLC raised its stake 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 worth $49,000 after purchasing an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a report on Monday, October 14th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday. Finally, UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Price Performance

Equinor ASA stock opened at $23.90 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $33.19. The stock has a market capitalization of $66.73 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 5.37 and a beta of 0.84. The stock has a fifty day moving average of $24.54 and a 200-day moving average of $26.28.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.92 earnings per share. On average, sell-side analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Equinor ASA Profile

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.