Two Sigma Investments LP Has $1.92 Million Stake in Equinor ASA (EQNR)

Two Sigma Investments LP lifted its position in Equinor ASA (NYSE:EQNR) by 45.6% during the 4th quarter, HoldingsChannel reports. The fund owned 90,746 shares of the company’s stock after buying an additional 28,400 shares during the quarter. Two Sigma Investments LP’s holdings in Equinor ASA were worth $1,921,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new position in shares of Equinor ASA in the fourth quarter worth approximately $12,572,000. Morgan Stanley boosted its holdings in shares of Equinor ASA by 5.2% during the third quarter. Morgan Stanley now owns 229,851 shares of the company’s stock worth $6,482,000 after purchasing an additional 11,375 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Equinor ASA during the third quarter worth approximately $8,773,000. Legacy Financial Advisors Inc. boosted its holdings in shares of Equinor ASA by 8,963.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock worth $58,000 after purchasing an additional 2,689 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Equinor ASA by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,953 shares of the company’s stock worth $359,000 after purchasing an additional 2,327 shares during the period. 5.45% of the stock is currently owned by institutional investors and hedge funds.

EQNR has been the subject of several research reports. Zacks Investment Research cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Macquarie cut shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 14th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Goldman Sachs Group cut shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Thursday, December 13th. Finally, Piper Jaffray Companies cut shares of Equinor ASA from an “overweight” rating to a “neutral” rating in a research note on Monday, February 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Equinor ASA presently has a consensus rating of “Hold” and an average target price of $26.36.

Shares of NYSE:EQNR opened at $22.30 on Tuesday. Equinor ASA has a 52 week low of $19.95 and a 52 week high of $28.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.44 and a current ratio of 1.57. The firm has a market capitalization of $73.13 billion, a PE ratio of 11.04 and a beta of 0.91.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, February 5th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). Equinor ASA had a net margin of 9.47% and a return on equity of 15.88%. The firm had revenue of $22.44 billion during the quarter. On average, sell-side analysts forecast that Equinor ASA will post 1.74 EPS for the current year.

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About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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