Mirabella Financial Services LLP Acquires New Shares in Equinor ASA $EQNR

Mirabella Financial Services LLP bought a new position in Equinor ASA (NYSE:EQNR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,973,607 shares of the company’s stock, valued at approximately $730,757,000. Equinor ASA comprises about 22.9% of Mirabella Financial Services LLP’s holdings, making the stock its 2nd biggest position.

Other large investors have also added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Equinor ASA by 7.5% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,514 shares of the company’s stock worth $573,000 after acquiring an additional 1,632 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Equinor ASA by 5.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,075 shares of the company’s stock worth $368,000 after buying an additional 785 shares during the period. Hollow Brook Wealth Management LLC lifted its position in shares of Equinor ASA by 0.6% during the 3rd quarter. Hollow Brook Wealth Management LLC now owns 89,310 shares of the company’s stock valued at $2,177,000 after buying an additional 529 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Equinor ASA during the 3rd quarter valued at about $212,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Equinor ASA during the 3rd quarter valued at approximately $202,000. Institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EQNR. Weiss Ratings raised shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. TD Cowen lifted their target price on shares of Equinor ASA from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group assumed coverage on shares of Equinor ASA in a report on Thursday, January 8th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $24.71.

Equinor ASA Trading Up 1.2%

Shares of EQNR opened at $35.68 on Tuesday. The firm has a market cap of $105.08 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 4.25 and a beta of 0.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.16. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $36.00. The company has a 50 day simple moving average of $27.99 and a two-hundred day simple moving average of $25.29.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.60 by $0.21. The firm had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $21.31 billion. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. On average, equities analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be given a $0.39 dividend. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is presently 64.21%.

Equinor ASA 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.