Banco de Sabadell S.A bought a new stake in shares of Equinor ASA (NYSE:EQNR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,565 shares of the company’s stock, valued at approximately $1,176,000.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $239,000. GSB Wealth Management LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $487,000. Nwam LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $337,000. Fox Run Management L.L.C. acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $846,000. Finally, Boston Advisors LLC acquired a new stake in Equinor ASA during the 2nd quarter worth approximately $2,613,000. Institutional investors own 5.18% of the company’s stock.
EQNR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, July 19th. Credit Suisse Group downgraded shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, July 19th. Sanford C. Bernstein downgraded shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Macquarie upgraded shares of Equinor ASA from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 3rd. Finally, Jefferies Financial Group upgraded shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.00.
Shares of EQNR stock opened at $26.52 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.30. The company has a market cap of $86.00 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 0.90 and a beta of 0.92. Equinor ASA has a 52 week low of $19.34 and a 52 week high of $28.06.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm had revenue of $18.14 billion for the quarter. Equinor ASA had a net margin of 6.69% and a return on equity of 13.09%. analysts forecast that Equinor ASA will post 1.87 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Wednesday, August 22nd were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 21st. This represents a $0.92 annualized dividend and a yield of 3.47%. Equinor ASA’s dividend payout ratio (DPR) is currently 48.55%.
About Equinor ASA
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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