Hsbc Holdings PLC Invests $499,000 in Equinor ASA $EQNR

Hsbc Holdings PLC purchased a new stake in shares of Equinor ASA (NYSE:EQNR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $499,000.

A number of other large investors have also recently modified their holdings of EQNR. Corient Private Wealth LLC increased its holdings in Equinor ASA by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 50,157 shares of the company’s stock worth $1,185,000 after purchasing an additional 723 shares during the period. Pure Financial Advisors LLC purchased a new stake in shares of Equinor ASA in the 4th quarter worth $200,000. Empowered Funds LLC grew its position in shares of Equinor ASA by 3.6% during the 4th quarter. Empowered Funds LLC now owns 120,638 shares of the company’s stock worth $2,851,000 after buying an additional 4,220 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Equinor ASA during the 4th quarter worth $448,000. Finally, Voloridge Investment Management LLC grew its position 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 buying an additional 518,646 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EQNR. Pareto Securities downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Zacks Research cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price on the stock in a research report on Tuesday, March 24th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and a consensus price target of $38.70.

Equinor ASA Trading Down 0.7%

Shares of NYSE:EQNR opened at $35.63 on Friday. The company has a market capitalization of $104.92 billion, a PE ratio of 16.34, a P/E/G ratio of 2.32 and a beta of 0.06. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46. The business’s fifty day simple moving average is $35.61 and its 200-day simple moving average is $33.39.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%.The firm had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.73 billion. As a group, equities research analysts predict that Equinor ASA will post 4.8 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 4.4%. Equinor ASA’s payout ratio is currently 58.72%.

About Equinor ASA

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.