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.
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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