Regency Capital Management Inc. DE Takes Position in Equinor ASA $EQNR

Regency Capital Management Inc. DE bought a new stake in shares of Equinor ASA (NYSE:EQNR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,140 shares of the company’s stock, valued at approximately $597,000.

Several other hedge funds also recently bought and sold shares of EQNR. Mirabella Financial Services LLP purchased a new position in shares of Equinor ASA in the third quarter valued at about $7,314,000. JPMorgan Chase & Co. grew its position in shares of Equinor ASA by 1,437.7% during the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock worth $55,741,000 after purchasing an additional 2,137,642 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Equinor ASA during the third quarter worth about $21,366,000. CIBC Private Wealth Group LLC raised its stake in Equinor ASA by 4.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 877,191 shares of the company’s stock valued at $21,386,000 after purchasing an additional 38,474 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Equinor ASA during the 4th quarter valued at approximately $4,734,000. Institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Friday, March 20th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Rothschild & Co Redburn raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Pareto Securities lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Zacks Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.70.

Equinor ASA Stock Performance

Equinor ASA stock opened at $35.92 on Thursday. The company’s 50-day moving average price is $35.64 and its 200-day moving average price is $33.30. Equinor ASA has a twelve month low of $22.26 and a twelve month high of $43.46. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57. The company has a market cap of $105.78 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.37 and a beta of 0.06.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The firm had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. On average, equities research analysts forecast that Equinor ASA will post 4.75 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s dividend payout ratio (DPR) is presently 58.72%.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.