SG Americas Securities LLC increased its stake in shares of Equinor ASA (NYSE:EQNR – Get Rating) by 37.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,843 shares of the company’s stock after purchasing an additional 5,154 shares during the quarter. SG Americas Securities LLC’s holdings in Equinor ASA were worth $624,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Folketrygdfondet increased its position in Equinor ASA by 2,429.4% in 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 during the period. Arrowstreet Capital Limited Partnership increased its position in Equinor ASA by 42.8% in 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 during the period. Renaissance Technologies LLC acquired a new position in Equinor ASA in the 1st quarter valued at approximately $55,819,000. Goldman Sachs Group Inc. increased its position in Equinor ASA by 47.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock valued at $130,429,000 after acquiring an additional 1,210,930 shares during the period. Finally, Credit Suisse AG increased its position in Equinor ASA by 648.3% in the 2nd quarter. Credit Suisse AG now owns 904,172 shares of the company’s stock valued at $31,429,000 after acquiring an additional 783,343 shares during the period. 5.46% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have issued reports on EQNR shares. Morgan Stanley upped their price target on shares of Equinor ASA from 304.00 to 342.00 in a research report on Tuesday, November 8th. Societe Generale upped their price objective on shares of Equinor ASA from 345.00 to 360.00 in a research note on Tuesday, November 1st. JPMorgan Chase & Co. lowered shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Thursday. DNB Markets raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, January 6th. Finally, Sanford C. Bernstein raised shares of Equinor ASA from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $318.63.
Equinor ASA Stock Up 0.9 %
Equinor ASA (NYSE:EQNR – Get Rating) last released its quarterly earnings data on Friday, October 28th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.34. Equinor ASA had a net margin of 16.29% and a return on equity of 51.24%. The firm had revenue of $43.63 billion for the quarter, compared to analyst estimates of $57.68 billion. As a group, sell-side analysts forecast that Equinor ASA will post 6.97 earnings per share for the current fiscal year.
Equinor ASA Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Tuesday, January 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, January 9th. Equinor ASA’s dividend payout ratio (DPR) is 8.97%.
Equinor ASA Profile
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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