28,440 Shares in Equinor ASA $EQNR Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. acquired a new position in Equinor ASA (NYSE:EQNR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 28,440 shares of the company’s stock, valued at approximately $893,000.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Equinor ASA by 599.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company’s stock valued at $547,194,000 after buying an additional 11,112,362 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Equinor ASA by 30.2% during the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock worth $384,227,000 after acquiring an additional 3,659,611 shares during the last quarter. DV Equities LLC bought a new stake in shares of Equinor ASA during the 4th quarter worth approximately $16,217,000. Voloridge Investment Management LLC lifted its stake in shares of Equinor ASA by 143.2% during the 4th quarter. Voloridge Investment Management LLC now owns 880,931 shares of the company’s stock worth $20,816,000 after acquiring an additional 518,646 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Equinor ASA by 5.6% during the 4th quarter. Morgan Stanley now owns 9,250,933 shares of the company’s stock valued at $218,600,000 after acquiring an additional 493,801 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on EQNR shares. Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. TD Cowen upped their price target on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Finally, Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.20.

Equinor ASA Stock Performance

Shares of Equinor ASA stock opened at $41.39 on Friday. The firm has a market cap of $98.95 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.73 and a beta of 0.04. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $43.46. The stock’s fifty day moving average price is $37.64 and its 200-day moving average price is $36.67.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The firm had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. On average, equities research analysts expect that Equinor ASA will post 4.92 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a yield of 3.8%. Equinor ASA’s dividend payout ratio is currently 34.88%.

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.