Commonwealth Fairness Providers LLC grew its place in Equinor ASA (NYSE:EQNR – Free Report) by 1,334.9% throughout the 2nd quarter, based on the corporate in its most up-to-date disclosure with the Securities and Trade Fee (SEC). The institutional investor owned 176,993 shares of the corporate’s inventory after buying an extra 164,658 shares throughout the quarter. Commonwealth Fairness Providers LLC’s holdings in Equinor ASA had been price $5,055,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers have additionally made modifications to their positions in EQNR. Atwood & Palmer Inc. bought a brand new place in shares of Equinor ASA within the second quarter valued at roughly $25,000. Principal Securities Inc. acquired a brand new stake in Equinor ASA throughout the fourth quarter price $30,000. Rothschild Funding LLC acquired a brand new stake in Equinor ASA throughout the second quarter price $32,000. EverSource Wealth Advisors LLC elevated its stake in Equinor ASA by 136.4% throughout the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the corporate’s inventory price $34,000 after buying an extra 629 shares over the last quarter. Lastly, Zurcher Kantonalbank Zurich Cantonalbank acquired a brand new stake in Equinor ASA throughout the second quarter price $51,000. Hedge funds and different institutional buyers personal 5.51% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A variety of equities analysis analysts have lately weighed in on the corporate. StockNews.com reduce Equinor ASA from a “strong-buy” score to a “purchase” score in a analysis notice on Thursday, August twenty ninth. TD Cowen dropped their value goal on Equinor ASA from $30.00 to $28.00 and set a “maintain” score for the corporate in a analysis notice on Wednesday, July tenth. UBS Group raised Equinor ASA from a “promote” score to a “impartial” score in a analysis notice on Thursday, August eighth. Lastly, Morgan Stanley reduce Equinor ASA from an “equal weight” score to an “underweight” score and dropped their value goal for the corporate from $30.50 to $25.80 in a analysis notice on Thursday, August twenty ninth. Three analysis analysts have rated the inventory with a promote score, 4 have issued a maintain score and two have assigned a purchase score to the corporate. Based on information from MarketBeat, the corporate presently has a median score of “Maintain” and a median goal value of $26.90.
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Equinor ASA Buying and selling Down 1.5 %
NYSE:EQNR opened at $24.93 on Monday. The agency has a market cap of $69.62 billion, a PE ratio of seven.72, a price-to-earnings-growth ratio of three.68 and a beta of 0.83. The inventory has a fifty day shifting common value of $26.94 and a 200 day shifting common value of $27.19. Equinor ASA has a 12-month low of $24.44 and a 12-month excessive of $34.73. The corporate has a present ratio of 1.53, a fast ratio of 1.43 and a debt-to-equity ratio of 0.53.
Equinor ASA (NYSE:EQNR – Get Free Report) final launched its earnings outcomes on Wednesday, July twenty fourth. The corporate reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The agency had income of $25.54 billion throughout the quarter, in comparison with analyst estimates of $25.93 billion. Equinor ASA had a return on fairness of 20.65% and a internet margin of 9.11%. Throughout the identical interval final yr, the enterprise posted $0.74 earnings per share. Promote-side analysts anticipate that Equinor ASA will submit 3.38 earnings per share for the present fiscal yr.
Equinor ASA Cuts Dividend
The agency additionally lately declared a — dividend, which was paid on Wednesday, August twenty eighth. Shareholders of document on Monday, August nineteenth had been issued a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend was Monday, August nineteenth. Equinor ASA’s dividend payout ratio (DPR) is 36.84%.
Equinor ASA Firm Profile
Equinor ASA, an vitality firm, engages within the exploration, manufacturing, transportation, refining, and advertising and marketing of petroleum and different types of vitality in Norway and internationally. It operates via Exploration & Manufacturing Norway; Exploration & Manufacturing Worldwide; Exploration & Manufacturing USA; Advertising, Midstream & Processing; Renewables; and Different segments.
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