Equinor ASA $EQNR Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC grew its position in shares of Equinor ASA (NYSE:EQNR) by 78.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,555 shares of the company’s stock after acquiring an additional 13,021 shares during the quarter. Pzena Investment Management LLC’s holdings in Equinor ASA were worth $698,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EQNR. Global Retirement Partners LLC lifted its holdings in Equinor ASA by 86.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the period. McIlrath & Eck LLC bought a new stake in Equinor ASA in the second quarter worth about $36,000. Sound Income Strategies LLC raised its position in Equinor ASA by 119.2% in the fourth quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after acquiring an additional 1,020 shares in the last quarter. New Millennium Group LLC bought a new stake in Equinor ASA in the third quarter worth about $57,000. Finally, CWM LLC raised its position in Equinor ASA by 20.6% in the fourth quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EQNR. Pareto Securities downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. TD Cowen boosted their price target on Equinor ASA from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Zacks Research raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Bank of America cut Equinor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target for the company in a research note on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and a consensus target price of $40.20.

Equinor ASA Stock Up 0.5%

Shares of Equinor ASA stock opened at $38.85 on Friday. The stock has a market capitalization of $114.40 billion, a P/E ratio of 17.82, a PEG ratio of 1.15 and a beta of 0.07. 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 stock has a 50 day moving average price of $39.02 and a two-hundred day moving average price of $30.21. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. The firm had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. Equities analysts expect that Equinor ASA will post 5.1 earnings per share for the current year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 4.0%. Equinor ASA’s dividend payout ratio is presently 58.72%.

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.