Hennessy Advisors Inc. Has $3.90 Million Holdings in Equinor ASA (NYSE:EQNR)

Hennessy Advisors Inc. decreased its stake in shares of Equinor ASA (NYSE:EQNR) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,400 shares of the company’s stock after selling 5,900 shares during the quarter. Hennessy Advisors Inc.’s holdings in Equinor ASA were worth $3,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Mediolanum International Funds Ltd acquired a new position in Equinor ASA during the 3rd quarter worth approximately $6,203,000. Public Employees Retirement System of Ohio bought a new position in shares of Equinor ASA in the 3rd quarter worth $3,685,000. Wellington Management Group LLP grew its position in Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after purchasing an additional 132,157 shares during the period. GSA Capital Partners LLP bought a new stake in Equinor ASA during the 3rd quarter valued at $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Equinor ASA during the third quarter worth $2,305,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR opened at $24.94 on Friday. The stock has a 50 day moving average of $23.88 and a 200 day moving average of $25.23. The company 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 12 month low of $21.85 and a 12 month high of $29.49. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the previous year, the business posted $0.92 EPS. As a group, sell-side analysts forecast that Equinor ASA will post 3.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EQNR. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.45.

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.