Quadrant Capital Group LLC increased its holdings in shares of Equinor ASA (NYSE:EQNR – Free Report) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,317 shares of the company’s stock after acquiring an additional 458 shares during the period. Quadrant Capital Group LLC’s holdings in Equinor ASA were worth $301,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of EQNR. Glassman Wealth Services grew its holdings in Equinor ASA by 89.5% during the second quarter. Glassman Wealth Services now owns 1,114 shares of the company’s stock worth $33,000 after acquiring an additional 526 shares during the period. BOKF NA acquired a new position in Equinor ASA during the first quarter worth $39,000. Ameritas Advisory Services LLC acquired a new position in Equinor ASA during the first quarter worth $44,000. Janiczek Wealth Management LLC grew its holdings in Equinor ASA by 1,138.1% during the second quarter. Janiczek Wealth Management LLC now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 1,525 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new stake in Equinor ASA in the first quarter valued at $50,000. Institutional investors and hedge funds own 5.38% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on EQNR shares. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a report on Friday, September 1st. Royal Bank of Canada raised Equinor ASA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 9th. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, The Goldman Sachs Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA has an average rating of “Hold”.
Equinor ASA Stock Up 2.6 %
EQNR opened at $32.41 on Friday. The business’s fifty day simple moving average is $32.93 and its 200 day simple moving average is $30.68. Equinor ASA has a 52 week low of $25.23 and a 52 week high of $38.83. The firm has a market cap of $101.18 billion, a P/E ratio of 5.85, a PEG ratio of 1.03 and a beta of 0.95. The company has a quick ratio of 1.66, a current ratio of 1.80 and a debt-to-equity ratio of 0.50.
Equinor ASA (NYSE:EQNR – Get Free Report) last released its earnings results on Friday, October 27th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.05). Equinor ASA had a return on equity of 27.26% and a net margin of 15.28%. The business had revenue of $26.02 billion for the quarter, compared to analysts’ expectations of $54.12 billion. As a group, equities research analysts anticipate that Equinor ASA will post 4.14 EPS for the current fiscal year.
Equinor ASA Increases Dividend
The firm also recently announced a — dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Equinor ASA’s previous — dividend of $0.60. This represents a yield of 2.6%. Equinor ASA’s dividend payout ratio is 18.41%.
About Equinor ASA
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum 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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