Equinor (EQNR)

• Market cap: $61.8B
• 1 day: -3.42%
• 5 days: -3.09%
• 1 month: -15.73%
• 3 months: -7.32%
• 6 months: -9.32%
• Year to date: -9.28%
• 1 year: -16.17%
• 5 years: 64.14%
• 10 years: 4.99%
• Sector: Energy
• Industry: Oil & Gas Integrated

About: Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2023 (53% liquids) and ended 2023 with 5.2 billion barrels of proven reserves (49% liquids). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

Employees: 25,155

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

108% more call options, than puts

Call options by funds: $51.8M | Put options by funds: $24.9M

23% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 44

1% more funds holding

Funds holding: 306 [Q3] → 309 (+3) [Q4]

0.13% less ownership

Funds ownership: 6.35% [Q3] → 6.22% (-0.13%) [Q4]

3% less capital invested

Capital invested by funds: $4.24B [Q3] → $4.12B (-$124M) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 112

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $28 27% upside
• Avg. target: $28 27% upside
• High target: $28 27% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Morgan Stanley Martijn Rats 20% 1-year accuracy 1 / 5 met price target

27% upside $28

Overweight Maintained

17 Mar 2025