26,050 Shares in Equinor ASA $EQNR Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of Equinor ASA (NYSE:EQNR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,050 shares of the company’s stock, valued at approximately $635,000.

Several other large investors have also made changes to their positions in EQNR. Bank of America Corp DE boosted its stake in shares of Equinor ASA by 21.5% in the second quarter. Bank of America Corp DE now owns 12,100,331 shares of the company’s stock worth $304,202,000 after acquiring an additional 2,143,049 shares during the period. Fisher Asset Management LLC lifted its holdings in Equinor ASA by 113.0% in the 2nd quarter. Fisher Asset Management LLC now owns 1,787,778 shares of the company’s stock worth $44,945,000 after purchasing an additional 948,609 shares in the last quarter. Sei Investments Co. lifted its holdings in Equinor ASA by 38.2% in the 2nd quarter. Sei Investments Co. now owns 1,141,731 shares of the company’s stock worth $28,703,000 after purchasing an additional 315,385 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Equinor ASA by 140.4% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 570,657 shares of the company’s stock worth $14,346,000 after purchasing an additional 333,233 shares during the period. Finally, Semper Augustus Investments Group LLC grew its holdings in Equinor ASA by 4.1% during the 2nd quarter. Semper Augustus Investments Group LLC now owns 510,218 shares of the company’s stock valued at $12,827,000 after buying an additional 20,052 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Barclays reiterated an “underweight” rating on shares of Equinor ASA in a research note on Friday, October 31st. Jefferies Financial Group assumed coverage on Equinor ASA in a research report on Thursday, January 8th. They set a “hold” rating for the company. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Zacks Research cut Equinor ASA from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, Equinor ASA currently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Stock Performance

Equinor ASA stock opened at $25.37 on Friday. The company’s 50-day moving average price is $23.42 and its 200-day moving average price is $24.30. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a market cap of $74.69 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.88 and a beta of 0.36. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.26.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.20). Equinor ASA had a return on equity of 14.34% and a net margin of 5.27%.The company had revenue of $26.06 billion during the quarter, compared to analysts’ expectations of $23.26 billion. On average, equities research analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.48 annualized dividend and a dividend yield of 5.8%. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio is presently 57.82%.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.