Milestone Asset Management LLC Purchases Shares of 27,805 Equinor ASA (NYSE:EQNR)

Milestone Asset Management LLC purchased a new stake in Equinor ASA (NYSE:EQNR) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 27,805 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors also recently bought and sold shares of EQNR. Raymond James Financial Services Advisors Inc. raised its holdings in Equinor ASA by 50.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,945 shares of the company’s stock valued at $315,000 after acquiring an additional 3,325 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Equinor ASA in the 4th quarter valued at $840,000. Cerity Partners LLC raised its holdings in Equinor ASA by 31.8% in the 4th quarter. Cerity Partners LLC now owns 22,888 shares of the company’s stock valued at $724,000 after acquiring an additional 5,524 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Equinor ASA by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 37,489 shares of the company’s stock valued at $1,186,000 after acquiring an additional 481 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its holdings in Equinor ASA by 7.0% in the 4th quarter. John G Ullman & Associates Inc. now owns 178,000 shares of the company’s stock valued at $5,632,000 after acquiring an additional 11,600 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Up 1.8 %

NYSE EQNR traded up $0.50 during trading hours on Monday, hitting $27.64. The company had a trading volume of 1,970,708 shares, compared to its average volume of 3,240,179. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The company has a market capitalization of $77.19 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 4.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.43. The firm’s 50 day moving average is $27.28 and its 200 day moving average is $27.19.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $25.54 billion during the quarter, compared to the consensus estimate of $25.93 billion. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. During the same period in the prior year, the firm earned $0.74 EPS. Sell-side analysts anticipate that Equinor ASA will post 3.39 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

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

Analyst Ratings Changes

EQNR has been the subject of a number of research analyst reports. TD Cowen dropped their price objective on Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.25.

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.