Ritholtz Wealth Management acquired a new position in shares of Equinor ASA (NYSE:EQNR – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,326 shares of the company's stock, valued at approximately $394,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Avidian Wealth Solutions LLC acquired a new stake in shares of Equinor ASA during the 1st quarter valued at about $369,000. US Bancorp DE boosted its position in shares of Equinor ASA by 45.2% during the 1st quarter. US Bancorp DE now owns 133,281 shares of the company's stock valued at $4,999,000 after acquiring an additional 41,511 shares in the last quarter. Flputnam Investment Management Co. boosted its position in shares of Equinor ASA by 1.0% during the 1st quarter. Flputnam Investment Management Co. now owns 851,446 shares of the company's stock valued at $31,938,000 after acquiring an additional 8,123 shares in the last quarter. Bard Financial Services Inc. boosted its position in shares of Equinor ASA by 123.8% during the 2nd quarter. Bard Financial Services Inc. now owns 22,375 shares of the company's stock valued at $778,000 after acquiring an additional 12,375 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Equinor ASA by 4.1% during the 1st quarter. Quadrant Capital Group LLC now owns 8,455 shares of the company's stock valued at $317,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 5.41% of the company's stock.
Get Equinor ASA alerts:Equinor ASA Trading Down 1.5 %
EQNR opened at $31.67 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.60 and a quick ratio of 1.49. The company has a market cap of $102.81 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The firm has a 50 day simple moving average of $36.99 and a 200 day simple moving average of $35.96. Equinor ASA has a fifty-two week low of $24.17 and a fifty-two week high of $42.53.
Equinor ASA (NYSE:EQNR – Get Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.44 by $0.12. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. The firm had revenue of $36.39 billion during the quarter, compared to the consensus estimate of $50.49 billion. On average, sell-side analysts anticipate that Equinor ASA will post 6.31 earnings per share for the current year.Equinor ASA Announces Dividend
The company also recently announced 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 of this dividend was Thursday, August 11th. Equinor ASA's payout ratio is presently 11.51%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target 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. JPMorgan Chase & Co. upped their target price on shares of Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Equinor ASA from 314.00 to 354.00 and gave the stock a "hold" rating in a research report on Wednesday, July 6th. Finally, Credit Suisse Group began coverage on shares of Equinor ASA in a research report on Thursday, June 9th. They set a "neutral" rating on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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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