Y Intercept Hong Kong Ltd Sells 70,685 Shares of Equinor ASA (NYSE:EQNR)

Y Intercept Hong Kong Ltd lowered its holdings in shares of Equinor ASA (NYSE:EQNR) by 82.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,363 shares of the company’s stock after selling 70,685 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Equinor ASA were worth $389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock worth $95,019,000 after buying an additional 132,157 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Equinor ASA by 1.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock worth $24,635,000 after acquiring an additional 11,500 shares during the last quarter. Cambiar Investors LLC increased its holdings in shares of Equinor ASA by 3.9% during the second quarter. Cambiar Investors LLC now owns 572,243 shares of the company’s stock valued at $16,343,000 after acquiring an additional 21,469 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Equinor ASA by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock worth $13,242,000 after purchasing an additional 16,303 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Equinor ASA by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company’s stock worth $13,704,000 after purchasing an additional 2,894 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

NYSE EQNR opened at $22.35 on Tuesday. The stock has a market capitalization of $62.42 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.20 and a beta of 0.84. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business’s fifty day moving average price is $24.05 and its 200-day moving average price is $25.82.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.92 earnings per share. On average, equities analysts predict that Equinor ASA will post 3.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 12th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.90.

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.