Pacer Advisors Inc. Increases Stock Holdings in Equinor ASA (NYSE:EQNR)

Pacer Advisors Inc. increased its holdings in Equinor ASA (NYSE:EQNR) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,685 shares of the company’s stock after acquiring an additional 2,207 shares during the quarter. Pacer Advisors Inc.’s holdings in Equinor ASA were worth $4,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in EQNR. Morgan Stanley lifted its stake in Equinor ASA by 198.9% in the second quarter. Morgan Stanley now owns 1,502,684 shares of the company’s stock worth $29,723,000 after acquiring an additional 999,931 shares during the period. Citadel Advisors LLC lifted its position in Equinor ASA by 281.0% during the second quarter. Citadel Advisors LLC now owns 1,259,542 shares of the company’s stock valued at $24,914,000 after buying an additional 928,961 shares during the period. D. E. Shaw & Co. Inc. purchased a new position in Equinor ASA during the second quarter valued at $17,700,000. Clark Capital Management Group Inc. purchased a new position in Equinor ASA during the second quarter valued at $16,793,000. Finally, FMR LLC lifted its position in Equinor ASA by 5.1% during the first quarter. FMR LLC now owns 16,656,952 shares of the company’s stock valued at $365,952,000 after buying an additional 808,617 shares during the period. 5.73% of the stock is owned by institutional investors.

EQNR opened at $18.77 on Friday. The stock has a 50-day moving average price of $18.44 and a 200-day moving average price of $19.76. 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 $59.86 billion, a PE ratio of 9.29 and a beta of 0.94. Equinor ASA has a 1 year low of $16.24 and a 1 year high of $27.45.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.07). The company 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 anticipate that Equinor ASA will post 1.57 EPS for the current year.

Several equities analysts have commented on EQNR shares. Santander raised Equinor ASA from an “underperform” rating to a “hold” rating in a research report on Monday, June 17th. Goldman Sachs Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 1st. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Banco Santander raised Equinor ASA to a “hold” rating in a research report on Monday, June 17th. Finally, Credit Suisse Group raised Equinor ASA from an “underperform” rating to an “outperform” rating in a research report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.77.

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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