Equinor ASA $EQNR Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Equinor ASA (NYSE:EQNR) by 21.2% in the first quarter, Holdings Channel.com reports. The fund owned 220,132 shares of the company’s stock after purchasing an additional 38,522 shares during the period. Quantinno Capital Management LP’s holdings in Equinor ASA were worth $9,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in Equinor ASA in the 1st quarter valued at approximately $35,000. Assetmark Inc. increased its position in shares of Equinor ASA by 130.2% in the first quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock valued at $44,000 after buying an additional 586 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after buying an additional 1,202 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of 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 buying an additional 610 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in Equinor ASA during the second quarter worth about $36,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EQNR. Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.20.

Equinor ASA Stock Down 1.8%

Shares of NYSE:EQNR opened at $39.18 on Wednesday. The stock’s 50-day moving average price is $35.79 and its two-hundred day moving average price is $34.82. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46. The firm has a market cap of $93.68 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.63 and a beta of 0.04.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The business had revenue of $34.02 billion during the quarter, compared to analysts’ expectations of $34.03 billion. On average, research analysts forecast that Equinor ASA will post 4.93 EPS for the current year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 4.0%. Equinor ASA’s payout ratio is currently 34.88%.

Equinor ASA Company 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.