Advisors Asset Management Inc. Raises Stock Holdings in Equinor ASA (NYSE:EQNR)

Advisors Asset Management Inc. raised its position in Equinor ASA (NYSE:EQNR) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,773 shares of the company’s stock after buying an additional 9,516 shares during the quarter. Advisors Asset Management Inc.’s holdings in Equinor ASA were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQNR. Principal Securities Inc. purchased a new position in shares of Equinor ASA in the fourth quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Equinor ASA by 136.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $34,000 after acquiring an additional 629 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Equinor ASA during the fourth quarter valued at $41,000. Princeton Global Asset Management LLC acquired a new stake in shares of Equinor ASA during the fourth quarter valued at $43,000. Finally, GAMMA Investing LLC acquired a new stake in Equinor ASA in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen cut their price objective on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.25.

Equinor ASA Trading Up 0.1 %

Shares of Equinor ASA stock traded up $0.02 on Friday, reaching $26.01. 2,478,300 shares of the company were exchanged, compared to its average volume of 2,574,325. The firm has a market capitalization of $72.64 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 3.57 and a beta of 0.84. The stock has a fifty day moving average price of $27.75 and a 200-day moving average price of $27.46. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The company has a current ratio of 1.53, a quick ratio of 1.76 and a debt-to-equity ratio of 0.53.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The firm had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. On average, analysts expect that Equinor ASA will post 3.47 EPS for the current year.

Equinor ASA Cuts Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th will be paid a $0.35 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 19th. Equinor ASA’s dividend payout ratio (DPR) is currently 35.60%.

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum 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.