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Trust Co. of Vermont Buys Shares of 777 Equinor ASA (NYSE:EQNR)

Defense World ·  Oct 4, 2022 04:51

Trust Co. of Vermont acquired a new stake in shares of Equinor ASA (NYSE:EQNR – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 777 shares of the company's stock, valued at approximately $27,000.

Several other hedge funds also recently modified their holdings of EQNR. JFS Wealth Advisors LLC boosted its holdings in shares of Equinor ASA by 378.4% during 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 acquired a new stake in shares of Equinor ASA during the 1st quarter valued at $36,000. Samalin Investment Counsel LLC acquired a new position in Equinor ASA during the 1st quarter worth about $50,000. Channing Global Advisors LLC acquired a new position in Equinor ASA during the 4th quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Equinor ASA during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 5.41% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on EQNR. Morgan Stanley lifted their target price on Equinor ASA from 287.00 to 304.00 and gave the stock an "underweight" rating in a report on Wednesday, August 17th. Credit Suisse Group began coverage on Equinor ASA in a report on Thursday, June 9th. They set a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Equinor ASA from 314.00 to 354.00 and gave the stock a "hold" rating in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Equinor ASA has a consensus rating of "Hold" and an average price target of $272.00.

Equinor ASA Stock Performance

Shares of Equinor ASA stock opened at $34.57 on Tuesday. Equinor ASA has a one year low of $24.17 and a one year high of $42.53. The firm has a market capitalization of $112.22 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.93 and a beta of 1.02. The business has a 50-day simple moving average of $36.87 and a 200 day simple moving average of $35.98. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.60 and a quick ratio of 1.49.

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 analysts' consensus estimates of $1.44 by $0.12. Equinor ASA had a return on equity of 43.24% and a net margin of 12.66%. The business had revenue of $36.39 billion during the quarter, compared to analyst estimates of $50.49 billion. On average, research analysts anticipate that Equinor ASA will post 7.11 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently declared a None dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a dividend of $0.345 per share. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.9%. Equinor ASA's dividend payout ratio (DPR) is currently 11.51%.

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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