GTS Securities LLC bought a new stake in shares of Equinor ASA (NYSE:EQNR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,838 shares of the company’s stock, valued at approximately $2,162,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blair William & Co. IL boosted its holdings in Equinor ASA by 2.7% in the fourth quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock valued at $351,000 after purchasing an additional 389 shares during the last quarter. National Bank of Canada FI grew its stake in Equinor ASA by 1.1% during the 3rd 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 in the last quarter. TD Asset Management Inc grew its stake in Equinor ASA by 5.4% during the 4th quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock valued at $229,000 after purchasing an additional 501 shares in the last quarter. Inspire Investing LLC increased its holdings in Equinor ASA by 4.5% during the 1st quarter. Inspire Investing LLC now owns 11,657 shares of the company’s stock worth $492,000 after purchasing an additional 503 shares during the last quarter. Finally, CWM LLC increased its holdings in Equinor ASA by 20.6% during the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after purchasing an additional 522 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on EQNR. Wall Street Zen cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Zacks Research cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA has an average rating of “Hold” and a consensus price target of $39.20.
Equinor ASA Stock Down 0.4%
EQNR stock opened at $41.39 on Friday. The firm has a market cap of $98.95 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.73 and a beta of 0.04. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $43.46. The firm has a fifty day moving average price of $37.64 and a two-hundred day moving average price of $36.67. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10.
Equinor ASA (NYSE:EQNR – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). The business had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. Research analysts predict that Equinor ASA will post 4.92 EPS for the current year.
Equinor ASA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 3.8%. Equinor ASA’s dividend payout ratio is 34.88%.
About Equinor ASA
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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