Hantz Financial Services Inc. Decreases Stock Position in Equinor ASA $EQNR

Hantz Financial Services Inc. lessened its stake in Equinor ASA (NYSE:EQNR) by 42.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,633 shares of the company’s stock after selling 15,979 shares during the period. Hantz Financial Services Inc.’s holdings in Equinor ASA were worth $511,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EQNR. Global Retirement Partners LLC grew its position in Equinor ASA by 86.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the period. McIlrath & Eck LLC bought a new stake in Equinor ASA in the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC grew its position in Equinor ASA by 119.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after purchasing an additional 1,020 shares during the period. New Millennium Group LLC bought a new stake in Equinor ASA in the 3rd quarter worth approximately $57,000. Finally, CWM LLC grew its position in Equinor ASA by 20.6% in the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after purchasing an additional 522 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Up 0.0%

Shares of Equinor ASA stock opened at $36.50 on Friday. The company’s fifty day simple moving average is $39.17 and its 200-day simple moving average is $30.63. The stock has a market capitalization of $107.49 billion, a PE ratio of 16.75, a P/E/G ratio of 1.08 and a beta of 0.07. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $43.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.24 and a quick ratio of 1.12.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.47. The business had revenue of $28.40 billion for the quarter, compared to analysts’ expectations of $28.73 billion. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. As a group, equities analysts anticipate that Equinor ASA will post 5.1 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, August 14th. Equinor ASA’s dividend payout ratio (DPR) is currently 58.72%.

Analysts Set New Price Targets

EQNR has been the subject of a number of research analyst reports. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. TD Cowen lifted their target price on shares of Equinor ASA from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target on the stock in a research note on Tuesday, March 24th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.20.

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.