Optiver Holding B.V. Boosts Stock Position in Equinor ASA $EQNR

Optiver Holding B.V. boosted its stake in shares of Equinor ASA (NYSE:EQNR) by 38,151.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 511,799 shares of the company’s stock after acquiring an additional 510,461 shares during the quarter. Optiver Holding B.V.’s holdings in Equinor ASA were worth $12,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. McIlrath & Eck LLC acquired a new stake in shares of Equinor ASA during the second quarter worth $36,000. New Millennium Group LLC purchased a new position in Equinor ASA during the 3rd quarter worth $57,000. MAI Capital Management lifted its stake in shares of Equinor ASA by 55.6% in the 2nd quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after acquiring an additional 836 shares during the period. Allworth Financial LP boosted its holdings in shares of Equinor ASA by 378.3% in the second quarter. Allworth Financial LP now owns 3,071 shares of the company’s stock valued at $77,000 after acquiring an additional 2,429 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of Equinor ASA in the second quarter valued at about $77,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 0.4%

EQNR opened at $29.14 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.27. The company has a market cap of $85.79 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 3.57 and a beta of 0.38. Equinor ASA has a one year low of $21.41 and a one year high of $29.39. The business’s fifty day moving average is $25.46 and its two-hundred day moving average is $24.53.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.21. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%.The business had revenue of $25.30 billion during the quarter, compared to the consensus estimate of $21.31 billion. Analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 5.4%. Equinor ASA’s dividend payout ratio (DPR) is presently 64.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Bank of America cut Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Jefferies Financial Group initiated coverage on Equinor ASA in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Finally, Barclays reissued an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Equinor ASA has an average rating of “Reduce” and an average target price of $24.71.

Equinor ASA Company 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.