Equinor ASA (NYSE:EQNR) Shares Purchased by Balentine LLC

Balentine LLC boosted its position in Equinor ASA (NYSE:EQNR) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,507 shares of the company’s stock after purchasing an additional 527 shares during the period. Balentine LLC’s holdings in Equinor ASA were worth $238,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $30,000. Avalon Trust Co acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $41,000. Princeton Global Asset Management LLC acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $43,000. SRS Capital Advisors Inc. raised its stake in Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after purchasing an additional 1,129 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Equinor ASA during the 4th quarter valued at $46,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Trading Down 0.0 %

NYSE EQNR opened at $28.54 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $89.10 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.85. Equinor ASA has a 1-year low of $24.44 and a 1-year high of $34.73. The firm’s fifty day simple moving average is $27.60 and its 200-day simple moving average is $28.77.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, April 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The firm had revenue of $25.14 billion for the quarter, compared to the consensus estimate of $25.03 billion. As a group, sell-side analysts anticipate that Equinor ASA will post 3.5 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is 35.60%.

Analyst Ratings Changes

Several analysts have issued reports on EQNR shares. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. TD Cowen initiated coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 target price on the stock. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

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.