Ipswich Investment Management Co. Inc. Buys 1,000 Shares of Equinor ASA (NYSE:EQNR)

Ipswich Investment Management Co. Inc. raised its stake in shares of Equinor ASA (NYSE:EQNR) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,200 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Equinor ASA were worth $2,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Equinor ASA by 2,359.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after purchasing an additional 6,507,511 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in Equinor ASA during the third quarter worth about $6,203,000. Manning & Napier Advisors LLC bought a new stake in Equinor ASA during the second quarter worth about $5,271,000. Earnest Partners LLC increased its holdings in shares of Equinor ASA by 4.5% during the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after buying an additional 166,131 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Equinor ASA by 1,334.9% in the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after acquiring an additional 164,658 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EQNR shares. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays raised Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA has an average rating of “Hold” and an average price target of $26.90.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $23.96 on Friday. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $33.24. The company’s fifty day simple moving average is $24.62 and its 200-day simple moving average is $26.46. The firm has a market cap of $66.92 billion, a PE ratio of 7.35, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Equities research analysts expect that Equinor ASA will post 3.31 EPS for the current fiscal year.

About Equinor ASA

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.