Brooklyn Investment Group Acquires Shares of 2,592 Equinor ASA (NYSE:EQNR)

Brooklyn Investment Group bought a new position in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,592 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also made changes to their positions in EQNR. Reston Wealth Management LLC acquired a new position in Equinor ASA during the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after acquiring an additional 365 shares during the period. Bruce G. Allen Investments LLC raised its position 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 valued at $49,000 after purchasing an additional 1,512 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 shares during the period. Finally, Clearbridge Investments LLC purchased a new position in Equinor ASA during the 2nd quarter worth $205,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EQNR shares. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Trading Down 0.5 %

NYSE:EQNR opened at $24.94 on Monday. The stock has a market capitalization of $69.65 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.31 and a beta of 0.84. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.49. The stock has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $25.18. 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 (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter last year, the business earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Equinor ASA will post 3.36 earnings per share for the current fiscal year.

Equinor ASA Company 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.