Brooklyn Investment Group Makes New $61,000 Investment in Equinor ASA (NYSE:EQNR)

Brooklyn Investment Group purchased a new position in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,592 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in Equinor ASA by 3.7% during the third 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 period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Equinor ASA by 1.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock valued at $24,635,000 after acquiring an additional 11,500 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Equinor ASA by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock worth $13,242,000 after acquiring an additional 16,303 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Equinor ASA by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company’s stock worth $11,898,000 after acquiring an additional 49,029 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in Equinor ASA in the third quarter valued at approximately $6,203,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $24.94 on Monday. The business’s 50-day simple moving average is $23.93 and its 200 day simple moving average is $25.18. The company has a market cap of $69.65 billion, a P/E ratio of 7.65, a PEG ratio of 1.31 and a beta of 0.84. 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 has a one year low of $21.85 and a one year high of $29.49.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) 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 analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter last year, the firm posted $0.92 earnings per share. On average, sell-side analysts forecast that Equinor ASA will post 3.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Monday, January 13th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

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.