Harbor Investment Advisory LLC Reduces Position in Equinor ASA (NYSE:EQNR)

Posted by on Apr 5th, 2023

Harbor Investment Advisory LLC lessened its stake in shares of Equinor ASA (NYSE:EQNR – Get Rating) by 58.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,255 shares of the company’s stock after selling 1,753 shares during the period. Harbor Investment Advisory LLC’s holdings in Equinor ASA were worth $45,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Equinor ASA by 6,737.6% in the 1st quarter. JPMorgan Chase & Co. now owns 139,693 shares of the company’s stock valued at $5,240,000 after purchasing an additional 137,650 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Equinor ASA by 9.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,679 shares of the company’s stock valued at $1,001,000 after purchasing an additional 2,342 shares during the period. Private Advisor Group LLC acquired a new position in shares of Equinor ASA in the 1st quarter valued at $295,000. Acadian Asset Management LLC acquired a new position in shares of Equinor ASA in the 1st quarter valued at $107,000. Finally, Panagora Asset Management Inc. acquired a new position in Equinor ASA during the first quarter worth $404,000. Hedge funds and other institutional investors own 5.46% of the company’s stock.

Equinor ASA Trading Down 3.5 %

Shares of EQNR opened at $29.35 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.77 and a quick ratio of 1.65. Equinor ASA has a 12-month low of $26.28 and a 12-month high of $42.53. The firm has a 50-day moving average price of $29.81 and a 200 day moving average price of $33.07.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EQNR shares. The Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, January 26th. Societe Generale upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, March 22nd. BNP Paribas cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday. Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. lowered shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Thursday, January 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and an average target price of $358.14.

About Equinor ASA

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Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and and Other.

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

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