R Squared Ltd trimmed its position in shares of Equinor ASA (NYSE:EQNR – Free Report) by 66.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,730 shares of the company’s stock after selling 18,882 shares during the period. R Squared Ltd’s holdings in Equinor ASA were worth $411,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in EQNR. Royal Bank of Canada lifted its position in shares of Equinor ASA by 11.1% in the 1st quarter. Royal Bank of Canada now owns 148,723 shares of the company’s stock worth $3,932,000 after acquiring an additional 14,913 shares during the period. AQR Capital Management LLC bought a new stake in shares of Equinor ASA during the first quarter valued at approximately $263,000. Empowered Funds LLC raised its stake in shares of Equinor ASA by 1.9% in the first quarter. Empowered Funds LLC now owns 112,194 shares of the company’s stock valued at $2,968,000 after purchasing an additional 2,112 shares in the last quarter. Acadian Asset Management LLC bought a new position in Equinor ASA in the first quarter worth $816,000. Finally, EverSource Wealth Advisors LLC lifted its position in Equinor ASA by 50.3% in the second quarter. EverSource Wealth Advisors LLC now owns 5,230 shares of the company’s stock worth $131,000 after purchasing an additional 1,751 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.
Equinor ASA Price Performance
Equinor ASA stock opened at $33.92 on Wednesday. The business’s fifty day moving average is $36.16 and its two-hundred day moving average is $32.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.12 and a current ratio of 1.24. The firm has a market cap of $99.90 billion, a P/E ratio of 15.56, a P/E/G ratio of 2.07 and a beta of 0.06. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46.
Equinor ASA Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.6%. Equinor ASA’s payout ratio is currently 58.72%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price on the stock in a research note on Tuesday, March 24th. TD Cowen dropped their price target on shares of Equinor ASA from $42.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, June 29th. Zacks Research cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wall Street Zen downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and an average target price of $38.70.
Check Out Our Latest Report on Equinor ASA
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.
Read More
- Five stocks we like better than Equinor ASA
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Want to see what other hedge funds are holding EQNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinor ASA (NYSE:EQNR – Free Report).
Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.
