42,351 Shares in Equinor ASA $EQNR Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Equinor ASA (NYSE:EQNR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 42,351 shares of the company’s stock, valued at approximately $1,065,000.

Several other institutional investors also recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Equinor ASA by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 28,310 shares of the company’s stock valued at $749,000 after purchasing an additional 2,077 shares during the period. Brown Advisory Inc. boosted its stake in shares of Equinor ASA by 30.5% during the first quarter. Brown Advisory Inc. now owns 12,609 shares of the company’s stock valued at $334,000 after purchasing an additional 2,946 shares in the last quarter. M&T Bank Corp raised its stake in shares of Equinor ASA by 24.9% during the first quarter. M&T Bank Corp now owns 14,502 shares of the company’s stock valued at $384,000 after acquiring an additional 2,890 shares during the last quarter. Cerity Partners LLC raised its position in shares of Equinor ASA by 6.4% during the first quarter. Cerity Partners LLC now owns 25,100 shares of the company’s stock worth $664,000 after acquiring an additional 1,509 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Equinor ASA during the first quarter worth $1,658,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. Hsbc Global Res lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Barclays reissued an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Finally, DZ Bank lowered shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $22.71.

Equinor ASA Price Performance

Shares of EQNR traded up $0.31 during mid-day trading on Thursday, reaching $24.55. 166,605 shares of the company’s stock were exchanged, compared to its average volume of 3,993,568. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $28.26. The company has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $24.66. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The company has a market cap of $72.28 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.87 and a beta of 0.48.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). The company had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Equinor ASA had a return on equity of 14.11% and a net margin of 5.27%. On average, sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.0%. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s payout ratio is currently 57.35%.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.