Equinor ASA $EQNR Shares Acquired by Logan Capital Management Inc.

Logan Capital Management Inc. lifted its position in Equinor ASA (NYSE:EQNR) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 251,463 shares of the company’s stock after purchasing an additional 22,542 shares during the quarter. Logan Capital Management Inc.’s holdings in Equinor ASA were worth $5,942,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in shares of Equinor ASA in the 3rd quarter valued at about $730,757,000. Bank of America Corp DE boosted its position in shares of Equinor ASA by 30.2% in the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after purchasing an additional 3,659,611 shares during the period. Wellington Management Group LLP boosted its position in shares of Equinor ASA by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,852,448 shares of the company’s stock valued at $93,923,000 after purchasing an additional 25,250 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Equinor ASA by 1,437.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Equinor ASA by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock valued at $44,550,000 after purchasing an additional 39,524 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EQNR shares. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price for the company in a research report on Tuesday, March 24th. TD Cowen upped their target price on Equinor ASA from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, June 5th. Finally, UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.20.

Equinor ASA Stock Down 2.1%

EQNR opened at $36.72 on Friday. The business has a 50 day moving average price of $38.45 and a two-hundred day moving average price of $31.56. 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 $108.13 billion, a PE ratio of 16.84, a P/E/G ratio of 1.08 and a beta of 0.03. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 return on equity of 20.01% and a net margin of 5.30%. As a group, research analysts anticipate that Equinor ASA will post 5.22 EPS for the current year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 4.2%. Equinor ASA’s dividend payout ratio is currently 58.72%.

About Equinor ASA

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.