Cetera Advisor Networks LLC Has $1.17 Million Stock Position in Equinor ASA (NYSE:EQNR)

Cetera Advisor Networks LLC reduced its position in shares of Equinor ASA (NYSE:EQNRGet Rating) by 2.7% in the 1st quarter, Holdings Channel reports. The firm owned 31,087 shares of the company’s stock after selling 861 shares during the period. Cetera Advisor Networks LLC’s holdings in Equinor ASA were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in Equinor ASA by 9.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,679 shares of the company’s stock valued at $1,001,000 after purchasing an additional 2,342 shares in the last quarter. US Bancorp DE raised its position in Equinor ASA by 45.2% during the first quarter. US Bancorp DE now owns 133,281 shares of the company’s stock valued at $4,999,000 after purchasing an additional 41,511 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Equinor ASA by 8.6% during the first quarter. American Century Companies Inc. now owns 330,741 shares of the company’s stock worth $12,406,000 after buying an additional 26,125 shares during the last quarter. Seven Eight Capital LP grew its stake in shares of Equinor ASA by 614.8% during the first quarter. Seven Eight Capital LP now owns 172,326 shares of the company’s stock worth $6,464,000 after buying an additional 148,218 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Equinor ASA by 5.3% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 23,380 shares of the company’s stock worth $877,000 after buying an additional 1,173 shares during the last quarter. 5.41% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

Shares of EQNR opened at $38.89 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $126.25 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.13 and a beta of 1.00. The firm’s fifty day simple moving average is $36.24 and its two-hundred day simple moving average is $35.42. Equinor ASA has a 12 month low of $22.20 and a 12 month high of $42.53.

Equinor ASA (NYSE:EQNRGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.12. The business had revenue of $36.39 billion for the quarter, compared to analysts’ expectations of $50.49 billion. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. As a group, analysts predict that Equinor ASA will post 6.31 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a None dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.345 per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.9%. Equinor ASA’s dividend payout ratio (DPR) is currently 11.51%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EQNR shares. Royal Bank of Canada cut shares of Equinor ASA from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $320.00 to $330.00 in a research note on Monday, May 9th. Morgan Stanley boosted their target price on shares of Equinor ASA from 287.00 to 304.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Equinor ASA from 314.00 to 354.00 and gave the stock a “hold” rating in a research note on Wednesday, July 6th. Jefferies Financial Group cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Friday, May 13th. They noted that the move was a valuation call. Finally, Societe Generale cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Friday, May 20th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $272.00.

Equinor ASA Company Profile

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Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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