Private Advisor Group LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,925 shares of the company’s stock, valued at approximately $630,000.
Other large investors have also made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in Equinor ASA during the third quarter worth about $7,314,000. JPMorgan Chase & Co. lifted its stake in shares of Equinor ASA by 1,437.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Equinor ASA during the 3rd quarter worth about $21,366,000. CIBC Private Wealth Group LLC grew its holdings in shares of Equinor ASA by 4.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 877,191 shares of the company’s stock worth $21,386,000 after purchasing an additional 38,474 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Equinor ASA during the 4th quarter worth approximately $4,734,000. 5.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on EQNR. Zacks Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Rothschild & Co Redburn raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley upgraded 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 report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and an average target price of $38.70.
Equinor ASA Trading Down 0.7%
EQNR opened at $35.92 on Thursday. The firm has a market capitalization of $105.78 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.37 and a beta of 0.06. The firm’s 50 day moving average is $35.64 and its 200-day moving average is $33.30. Equinor ASA has a 52-week low of $22.26 and a 52-week high of $43.46. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57.
Equinor ASA (NYSE:EQNR – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. The business had revenue of $28.40 billion for the quarter, compared to analysts’ expectations of $28.73 billion. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. Analysts expect that Equinor ASA will post 4.75 EPS for the current fiscal year.
Equinor ASA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 4.3%. Equinor ASA’s payout ratio is currently 58.72%.
Equinor ASA Company 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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