Wed Sep 25 07:58:45 UTC 2024: ## American Century Companies Increases Stake in Equinor ASA
**New York, NY – September 25th, 2024** – American Century Companies Inc. has boosted its holdings in Equinor ASA (NYSE: EQNR) by 6.8% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 230,252 shares of the Norwegian energy giant, valued at $6,576,000.
This move follows a trend of increased interest in Equinor ASA from other institutional investors. Price T Rowe Associates Inc. MD significantly increased its holdings by 2,359.3% during the first quarter, now owning 6,783,338 shares valued at $183,354,000. Other notable increases in holdings include CIBC Private Wealth Group LLC, Goldman Sachs Group Inc., and Capital Fund Management S.A., who all boosted their stakes in the company during the fourth quarter.
Equinor ASA, an energy company, is involved in the exploration, production, transportation, refining, and marketing of petroleum and other energy forms both in Norway and internationally. The company operates through several segments, including Exploration & Production Norway, Exploration & Production International, Exploration & Production USA, Marketing, Midstream & Processing, Renewables, and Others.
Equinor ASA’s stock opened at $25.40 on Wednesday, with a 52-week low of $24.08 and a 52-week high of $34.73. The company has a market capitalization of $74.80 billion.
Recent analyst reports on Equinor ASA have been mixed. UBS Group upgraded the stock from a “sell” to a “neutral” rating, while TD Cowen lowered their price target from $30.00 to $28.00 and maintained a “hold” rating. StockNews.com downgraded the stock from “strong-buy” to “buy”, and Morgan Stanley reduced their rating from “equal weight” to “underweight” and lowered their price target from $30.50 to $25.80.
Despite these mixed opinions, Equinor ASA remains a popular investment choice for many institutional investors, as evidenced by the recent increases in their holdings.
First Piper 