Cambridge Investment Research Advisors Inc. grew its holdings in Equinor ASA (NYSE:EQNR – Get Rating) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,494 shares of the company’s stock after purchasing an additional 6,948 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Equinor ASA were worth $985,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of EQNR. Godsey & Gibb Inc. acquired a new stake in Equinor ASA during the fourth quarter worth approximately $27,000. Guardian Wealth Advisors LLC acquired a new stake in Equinor ASA during the third quarter worth approximately $25,000. Trustcore Financial Services LLC boosted its position in Equinor ASA by 1,877.8% during the third quarter. Trustcore Financial Services LLC now owns 890 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares during the last quarter. Motco acquired a new stake in Equinor ASA during the third quarter worth approximately $40,000. Finally, Samalin Investment Counsel LLC acquired a new stake in Equinor ASA during the first quarter worth approximately $50,000. 5.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
EQNR has been the topic of a number of analyst reports. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 9th. The Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, January 26th. BNP Paribas lowered shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Tuesday, April 4th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, March 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $361.75.
Equinor ASA Stock Performance
Equinor ASA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.90 per share. This is an increase from Equinor ASA’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, August 14th. This represents a $3.60 annualized dividend and a yield of 13.03%. Equinor ASA’s payout ratio is 13.07%.
About Equinor ASA
Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and and Other.
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