Townsquare Capital LLC Has $780,000 Stake in Equinor ASA (NYSE:EQNR)

Townsquare Capital LLC raised its holdings in Equinor ASA (NYSE:EQNR) by 27.1% in the first quarter, Holdings Channel reports. The fund owned 29,484 shares of the company’s stock after acquiring an additional 6,281 shares during the period. Townsquare Capital LLC’s holdings in Equinor ASA were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQNR. Sound Income Strategies LLC lifted its holdings in shares of Equinor ASA by 725.4% in the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock valued at $26,000 after purchasing an additional 856 shares in the last quarter. GeoWealth Management LLC lifted its holdings in shares of Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after purchasing an additional 985 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Equinor ASA in the first quarter valued at about $53,000. Wayfinding Financial LLC bought a new stake in shares of Equinor ASA in the first quarter valued at about $54,000. Finally, Headlands Technologies LLC bought a new stake in shares of Equinor ASA in the first quarter valued at about $57,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Price Performance

NYSE:EQNR opened at $24.54 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average price is $25.79 and its two-hundred day moving average price is $24.44. The firm has a market capitalization of $72.26 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.84 and a beta of 0.59. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $28.26.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion during the quarter, compared to the consensus estimate of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. On average, analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a $0.304 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a dividend yield of 496.0%. Equinor ASA’s dividend payout ratio is presently 40.53%.

Analyst Ratings Changes

A number of analysts have recently commented on EQNR shares. Morgan Stanley lowered Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target on the stock. in a report on Monday, May 12th. Barclays lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. TD Cowen dropped their target price on Equinor ASA from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, May 2nd. UBS Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. Finally, Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and an average target price of $22.71.

Equinor ASA Profile

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.