Equinor ASA $EQNR Shares Acquired by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lifted its position in Equinor ASA (NYSE:EQNR) by 24.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,285 shares of the company’s stock after acquiring an additional 7,630 shares during the period. Freestone Capital Holdings LLC’s holdings in Equinor ASA were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in EQNR. Citigroup Inc. boosted its stake in Equinor ASA by 8,986.2% during the 1st quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock worth $100,630,000 after buying an additional 572,193 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Equinor ASA by 140.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 570,657 shares of the company’s stock valued at $14,346,000 after buying an additional 333,233 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Equinor ASA in the first quarter worth about $7,459,000. Finally, Quantbot Technologies LP lifted its stake in shares of Equinor ASA by 734.4% in the first quarter. Quantbot Technologies LP now owns 261,708 shares of the company’s stock worth $6,922,000 after buying an additional 230,344 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on EQNR shares. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Weiss Ratings cut Equinor ASA from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Sanford C. Bernstein downgraded Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Finally, Barclays restated an “underweight” rating on shares of Equinor ASA in a report on Friday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $22.71.

Equinor ASA Trading Up 0.1%

EQNR opened at $24.00 on Tuesday. The stock has a market capitalization of $70.66 billion, a PE ratio of 11.37, a P/E/G ratio of 0.87 and a beta of 0.52. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The business’s 50 day moving average price is $24.30 and its 200 day moving average price is $24.61.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). The business had revenue of $26.06 billion during the quarter, compared to analysts’ expectations of $23.26 billion. Equinor ASA had a net margin of 5.27% and a return on equity of 14.11%. As a group, equities research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a yield of 6.2%. Equinor ASA’s dividend payout ratio is currently 57.35%.

Equinor ASA Company Profile

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.