Citadel Advisors LLC Has $24.91 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

Citadel Advisors LLC grew its position in shares of Equinor ASA (NYSE:EQNR) by 281.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,259,542 shares of the company’s stock after purchasing an additional 928,961 shares during the quarter. Citadel Advisors LLC’s holdings in Equinor ASA were worth $24,914,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EQNR. Janney Montgomery Scott LLC lifted its holdings in Equinor ASA by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,434 shares of the company’s stock worth $383,000 after buying an additional 481 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Equinor ASA by 4.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,199,236 shares of the company’s stock worth $26,347,000 after buying an additional 46,268 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Equinor ASA in the first quarter worth about $1,393,000. NumerixS Investment Technologies Inc boosted its holdings in shares of Equinor ASA by 73.7% in the first quarter. NumerixS Investment Technologies Inc now owns 13,200 shares of the company’s stock worth $290,000 after buying an additional 5,600 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in shares of Equinor ASA by 87.5% in the first quarter. Federated Investors Inc. PA now owns 400,186 shares of the company’s stock worth $8,792,000 after buying an additional 186,787 shares during the period. 5.73% of the stock is currently owned by hedge funds and other institutional investors.

EQNR has been the subject of a number of recent research reports. Zacks Investment Research raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Goldman Sachs Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Monday, July 1st. Credit Suisse Group raised Equinor ASA from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to a “neutral” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.77.

Shares of Equinor ASA stock traded down $0.02 during midday trading on Friday, reaching $19.85. The company had a trading volume of 1,683,410 shares, compared to its average volume of 2,280,367. The stock has a fifty day moving average price of $17.60 and a 200 day moving average price of $20.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.25. The firm has a market cap of $67.04 billion, a PE ratio of 9.83 and a beta of 0.93. Equinor ASA has a fifty-two week low of $16.24 and a fifty-two week high of $28.93.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The business 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%. As a group, sell-side analysts forecast that Equinor ASA will post 1.57 EPS for the current year.

Equinor ASA Company Profile

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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