Equinor ASA (NYSE:EQNR) Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in shares of Equinor ASA (NYSE:EQNR) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,982 shares of the company’s stock after buying an additional 4,468 shares during the quarter. Cetera Investment Advisers’ holdings in Equinor ASA were worth $1,705,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EQNR. Centiva Capital LP boosted its holdings in Equinor ASA by 14.1% during the fourth quarter. Centiva Capital LP now owns 36,911 shares of the company’s stock valued at $874,000 after acquiring an additional 4,573 shares during the period. Bridgefront Capital LLC acquired a new stake in Equinor ASA during the 4th quarter worth $257,000. Caxton Associates LP grew its holdings in Equinor ASA by 84.4% during the 4th quarter. Caxton Associates LP now owns 118,000 shares of the company’s stock worth $2,795,000 after acquiring an additional 54,000 shares during the period. Bayesian Capital Management LP bought a new position in shares of Equinor ASA during the fourth quarter worth $1,102,000. Finally, Bank of America Corp DE boosted its position in shares of Equinor ASA by 4.8% during the fourth quarter. Bank of America Corp DE now owns 4,121,392 shares of the company’s stock worth $97,636,000 after purchasing an additional 188,709 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQNR. Morgan Stanley cut shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target on the stock. in a research report on Monday, May 12th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. TD Cowen cut their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.71.

Equinor ASA Stock Up 2.3%

Shares of NYSE EQNR opened at $23.64 on Wednesday. The firm has a market cap of $66.02 billion, a PE ratio of 7.60, a P/E/G ratio of 0.58 and a beta of 0.58. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $29.32. The company’s fifty day simple moving average is $23.84 and its 200 day simple moving average is $23.76. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The business had revenue of $27.14 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, sell-side analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a $0.304 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 38.29%.

Equinor ASA Profile

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.