Fulton Bank N.A. grew its position in Equinor ASA (NYSE:EQNR – Get Rating) by 106.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,473 shares of the company's stock after purchasing an additional 7,478 shares during the period. Fulton Bank N.A.'s holdings in Equinor ASA were worth $503,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JFS Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 378.4% during the first quarter. JFS Wealth Advisors LLC now owns 842 shares of the company's stock worth $32,000 after acquiring an additional 666 shares during the period. Tcwp LLC acquired a new stake in shares of Equinor ASA during the first quarter worth $36,000. Samalin Investment Counsel LLC acquired a new stake in shares of Equinor ASA during the first quarter worth $50,000. CWM LLC increased its stake in Equinor ASA by 118.1% in the 1st quarter. CWM LLC now owns 1,529 shares of the company's stock valued at $57,000 after buying an additional 828 shares during the last quarter. Finally, Channing Global Advisors LLC acquired a new stake in Equinor ASA in the 4th quarter valued at $51,000. 5.41% of the stock is currently owned by institutional investors and hedge funds.
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Equinor ASA Stock Performance
Shares of EQNR stock opened at $35.08 on Friday. The company has a market capitalization of $113.88 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 1.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 1.60. The company has a 50-day simple moving average of $36.92 and a 200 day simple moving average of $35.91. Equinor ASA has a 52 week low of $22.76 and a 52 week high of $42.53.
Equinor ASA (NYSE:EQNR – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. The business had revenue of $36.39 billion during the quarter, compared to the consensus estimate of $50.49 billion. Equinor ASA had a net
margin of 12.66% and a return on equity of 43.24%. On average, sell-side analysts predict that Equinor ASA will post 6.31 earnings per share for the current year.
Equinor ASA Dividend Announcement
The firm also recently disclosed a None dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.345 dividend. This represents a yield of 1.9%. The ex-dividend date was Thursday, August 11th. Equinor ASA's dividend payout ratio (DPR) is 11.51%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on EQNR shares. Credit Suisse Group started coverage on shares of Equinor ASA in a research note on Thursday, June 9th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Equinor ASA from 350.00 to 380.00 in a research note on Friday, July 15th. Morgan Stanley lifted their price objective on shares of Equinor ASA from 287.00 to 304.00 and gave the company an "underweight" rating in a research report on Wednesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Equinor ASA from 314.00 to 354.00 and gave the company a "hold" rating in a research report on Wednesday, July 6th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $272.00.
About Equinor ASA
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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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