Brown Advisory Inc. increased its stake in shares of Equinor ASA (NYSE:EQNR – Get Rating) by 10.2% during the 2nd quarter, Holdings Channel reports. The fund owned 9,176 shares of the company's stock after purchasing an additional 849 shares during the quarter. Brown Advisory Inc.'s holdings in Equinor ASA were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. increased its stake in shares of Equinor ASA by 867.1% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 735 shares of the company's stock valued at $4,648,000 after purchasing an additional 659 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Equinor ASA during the 2nd quarter worth approximately $27,000. Samalin Investment Counsel LLC purchased a new position in shares of Equinor ASA during the 1st quarter valued at approximately $50,000. Hexagon Capital Partners LLC lifted its position in shares of Equinor ASA by 51.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,438 shares of the company's stock valued at $50,000 after buying an additional 486 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Equinor ASA by 35.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,509 shares of the company's stock valued at $53,000 after acquiring an additional 398 shares during the period. 5.46% of the stock is currently owned by hedge funds and other institutional investors.
Get Equinor ASA alerts:Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Equinor ASA from 376.00 to 375.00 in a report on Wednesday, December 7th. HSBC cut Equinor ASA from a "buy" rating to a "hold" rating in a report on Thursday, December 1st. Societe Generale increased their target price on Equinor ASA from 345.00 to 360.00 in a report on Tuesday, November 1st. JPMorgan Chase & Co. lowered their price target on Equinor ASA from 380.00 to 370.00 in a research note on Monday, December 5th. Finally, DNB Markets cut shares of Equinor ASA from a "buy" rating to a "hold" rating in a research report on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Equinor ASA has a consensus rating of "Hold" and a consensus price target of $287.22.
Equinor ASA Price Performance
EQNR opened at $37.02 on Friday. The stock's 50-day moving average price is $36.03 and its 200 day moving average price is $35.84. Equinor ASA has a 12-month low of $26.26 and a 12-month high of $42.53. The firm has a market cap of $120.18 billion, a price-to-earnings ratio of 4.88 and a beta of 1.03. The company has a current ratio of 1.66, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60.Equinor ASA (NYSE:EQNR – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.34. The business had revenue of $43.63 billion for the quarter, compared to analysts' expectations of $57.68 billion. Equinor ASA had a net margin of 16.29% and a return on equity of 51.24%. As a group, sell-side analysts expect that Equinor ASA will post 7.15 earnings per share for the current year.
Equinor ASA Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Monday, January 9th. Equinor ASA's dividend payout ratio is currently 8.97%.
Equinor ASA Company Profile
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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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