Veriti Management LLC raised its position in shares of Equinor ASA (NYSE:EQNR – Get Rating) by 43.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,203 shares of the company's stock after purchasing an additional 7,058 shares during the period. Veriti Management LLC's holdings in Equinor ASA were worth $807,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in shares of Equinor ASA by 378.4% in the 1st quarter. JFS Wealth Advisors LLC now owns 842 shares of the company's stock valued at $32,000 after acquiring an additional 666 shares in the last quarter. Tcwp LLC bought a new position in shares of Equinor ASA in the 1st quarter valued at approximately $36,000. Samalin Investment Counsel LLC bought a new position in shares of Equinor ASA in the 1st quarter valued at approximately $50,000. Channing Global Advisors LLC bought a new position in shares of Equinor ASA in the 4th quarter valued at approximately $51,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Equinor ASA in the 4th quarter valued at approximately $57,000. 5.41% of the stock is owned by hedge funds and other institutional investors.
Get Equinor ASA alerts:Equinor ASA Price Performance
Shares of NYSE:EQNR opened at $31.67 on Tuesday. The business's 50 day moving average is $36.99 and its 200-day moving average is $35.96. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $102.81 billion, a PE ratio of 6.28, a PEG ratio of 1.01 and a beta of 0.98. Equinor ASA has a 1-year low of $24.17 and a 1-year high of $42.53.
Equinor ASA (NYSE:EQNR – Get Rating) last announced its quarterly 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. The business had revenue of $36.39 billion for the quarter, compared to analyst estimates of $50.49 billion. Equinor ASA had a return on equity of 43.24% and a net margin of 12.66%. Sell-side analysts predict that Equinor ASA will post 6.31 earnings per share for the current year.Equinor ASA Dividend Announcement
The business also recently declared a None dividend, which was paid on Friday, August 26th. Investors 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 is 11.51%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on EQNR shares. Credit Suisse Group started coverage on Equinor ASA in a research report on Thursday, June 9th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lifted their price target on Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Equinor ASA from 314.00 to 354.00 and gave the stock a "hold" rating in a research report on Wednesday, July 6th. Finally, Morgan Stanley lifted their price target on Equinor ASA from 287.00 to 304.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.
Further Reading
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