Cwm LLC Has $67,000 Position in Equinor ASA (NYSE:EQNR)

Cwm LLC increased its holdings in shares of Equinor ASA (NYSE:EQNRGet Rating) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,021 shares of the company’s stock after acquiring an additional 473 shares during the period. Cwm LLC’s holdings in Equinor ASA were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EQNR. Folketrygdfondet boosted its position in shares of Equinor ASA by 2,429.4% during the 2nd quarter. Folketrygdfondet now owns 112,499,219 shares of the company’s stock valued at $3,910,473,000 after acquiring an additional 108,051,631 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Equinor ASA by 42.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock valued at $382,086,000 after acquiring an additional 3,052,907 shares in the last quarter. Renaissance Technologies LLC bought a new position in Equinor ASA during the 1st quarter valued at about $55,819,000. Goldman Sachs Group Inc. lifted its holdings in Equinor ASA by 47.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock valued at $130,429,000 after purchasing an additional 1,210,930 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in Equinor ASA by 648.3% during the 2nd quarter. Credit Suisse AG now owns 904,172 shares of the company’s stock valued at $31,429,000 after purchasing an additional 783,343 shares during the last quarter. 5.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. HSBC downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, December 1st. Sanford C. Bernstein raised shares of Equinor ASA from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 3rd. Morgan Stanley lifted their price target on shares of Equinor ASA from 304.00 to 342.00 in a report on Tuesday, November 8th. Societe Generale lifted their price target on shares of Equinor ASA from 345.00 to 360.00 in a report on Tuesday, November 1st. Finally, StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $318.63.

Equinor ASA Stock Down 1.1 %

Shares of NYSE:EQNR opened at $30.81 on Thursday. Equinor ASA has a one year low of $27.02 and a one year high of $42.53. The company has a 50 day moving average of $35.17 and a 200-day moving average of $35.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.66 and a quick ratio of 1.52. The stock has a market cap of $100.02 billion, a price-to-earnings ratio of 4.06 and a beta of 1.04.

Equinor ASA (NYSE:EQNRGet Rating) last issued its quarterly earnings results on Friday, October 28th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.78 by $0.34. Equinor ASA had a net margin of 16.29% and a return on equity of 51.24%. The company had revenue of $43.63 billion during the quarter, compared to analysts’ expectations of $57.68 billion. On average, sell-side analysts forecast that Equinor ASA will post 7.15 earnings per share for the current year.

Equinor ASA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Tuesday, January 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Monday, January 9th. Equinor ASA’s dividend payout ratio is currently 8.97%.

Equinor ASA 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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