Comerica Bank Has $5.09 Million Stake in Equinor ASA (EQNR)
Comerica Bank grew its stake in Equinor ASA (NYSE:EQNR) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,322 shares of the company’s stock after purchasing an additional 11,304 shares during the period. Comerica Bank’s holdings in Equinor ASA were worth $5,089,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in EQNR. Proficio Capital Partners LLC bought a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $118,000. CIBC Private Wealth Group LLC acquired a new position in shares of Equinor ASA in the 2nd quarter worth approximately $156,000. Baker Ellis Asset Management LLC acquired a new position in shares of Equinor ASA in the 2nd quarter worth approximately $161,000. Hall Laurie J Trustee acquired a new position in shares of Equinor ASA in the 2nd quarter worth approximately $162,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Equinor ASA in the 2nd quarter worth approximately $163,000. Institutional investors own 5.18% of the company’s stock.
Shares of EQNR opened at $23.97 on Thursday. The company has a market capitalization of $81.46 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.36. Equinor ASA has a one year low of $19.76 and a one year high of $28.93.
The company also recently disclosed a special dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.23 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, November 20th. Equinor ASA’s dividend payout ratio is 48.55%.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Berenberg Bank assumed coverage on Equinor ASA in a report on Tuesday, September 11th. They issued a “hold” rating on the stock. Credit Suisse Group downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, July 19th. Finally, Barclays raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a report on Tuesday, September 11th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.00.
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Equinor ASA Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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