NewEdge Wealth LLC Boosts Position in Equinor ASA (NYSE:EQNR)

NewEdge Wealth LLC lifted its position in shares of Equinor ASA (NYSE:EQNRFree Report) by 59.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,437 shares of the company’s stock after purchasing an additional 21,691 shares during the quarter. NewEdge Wealth LLC’s holdings in Equinor ASA were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Equinor ASA by 4.5% during the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after purchasing an additional 444,435 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Equinor ASA by 42.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock valued at $382,086,000 after purchasing an additional 3,052,907 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Equinor ASA by 47.6% during the second quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock valued at $130,429,000 after purchasing an additional 1,210,930 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Equinor ASA by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after purchasing an additional 134,688 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Equinor ASA during the first quarter valued at approximately $55,819,000. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EQNR shares. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.40 to $28.50 in a report on Tuesday, February 20th. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. TD Cowen raised their price target on Equinor ASA from $26.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada downgraded Equinor ASA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.25.

View Our Latest Analysis on Equinor ASA

Equinor ASA Price Performance

NYSE EQNR opened at $28.22 on Monday. Equinor ASA has a one year low of $24.44 and a one year high of $34.73. The stock has a 50-day moving average of $26.43 and a 200 day moving average of $29.82. The company has a market capitalization of $88.10 billion, a price-to-earnings ratio of 7.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.71.

Equinor ASA (NYSE:EQNRGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). Equinor ASA had a return on equity of 20.32% and a net margin of 11.09%. The business had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. On average, sell-side analysts forecast that Equinor ASA will post 3.22 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.25%. Equinor ASA’s payout ratio is 25.06%.

Equinor ASA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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