John G Ullman & Associates Inc. grew its holdings in Equinor ASA (NYSE:EQNR – Free Report) by 58.7% during the 4th quarter, Holdings Channel reports. The firm owned 128,809 shares of the company’s stock after purchasing an additional 47,650 shares during the period. John G Ullman & Associates Inc.’s holdings in Equinor ASA were worth $3,044,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Equinor ASA by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock valued at $910,000 after purchasing an additional 428 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Equinor ASA by 5.0% in the third quarter. Ballentine Partners LLC now owns 9,039 shares of the company’s stock valued at $220,000 after purchasing an additional 434 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Equinor ASA by 1.1% in the third quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock valued at $952,000 after purchasing an additional 437 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Equinor ASA by 7.8% in the fourth quarter. GAMMA Investing LLC now owns 6,148 shares of the company’s stock valued at $145,000 after purchasing an additional 445 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Equinor ASA by 0.9% in the third quarter. US Bancorp DE now owns 54,010 shares of the company’s stock valued at $1,317,000 after purchasing an additional 472 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.
Equinor ASA Price Performance
NYSE:EQNR opened at $39.48 on Friday. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $43.46. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $38.36 and a 200 day simple moving average of $29.67. The stock has a market capitalization of $116.27 billion, a PE ratio of 18.11, a P/E/G ratio of 1.19 and a beta of 0.07.
Equinor ASA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s payout ratio is 55.96%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on EQNR shares. Wall Street Zen upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Pareto Securities cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price for the company in a research note on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.61.
Check Out Our Latest Research Report on EQNR
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.
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