Equinor ASA $EQNR Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its position in Equinor ASA (NYSE:EQNR) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,707 shares of the company’s stock after selling 26,337 shares during the period. QRG Capital Management Inc.’s holdings in Equinor ASA were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Equinor ASA by 1,794.0% during the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock valued at $30,000 after purchasing an additional 1,202 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Equinor ASA by 86.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the last quarter. McIlrath & Eck LLC purchased a new position in shares of Equinor ASA in the second quarter worth about $36,000. Sound Income Strategies LLC lifted its holdings in shares of Equinor ASA by 119.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after purchasing an additional 1,020 shares during the period. Finally, Arax Advisory Partners lifted its holdings in shares of Equinor ASA by 78.6% during the fourth quarter. Arax Advisory Partners now owns 2,377 shares of the company’s stock worth $56,000 after purchasing an additional 1,046 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQNR. Rothschild & Co Redburn upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Zacks Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price for the company in a research report on Tuesday, March 24th. Finally, TD Cowen lowered their price target on shares of Equinor ASA from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and an average target price of $38.70.

Equinor ASA Trading Down 0.1%

Shares of NYSE:EQNR opened at $32.01 on Monday. 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 has a 50 day moving average of $36.38 and a two-hundred day moving average of $32.64. The company has a market capitalization of $94.27 billion, a PE ratio of 14.68, a PEG ratio of 2.07 and a beta of 0.06.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. The business had revenue of $28.40 billion for the quarter, compared to analysts’ expectations of $28.73 billion. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. As a group, analysts forecast that Equinor ASA will post 4.93 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, August 14th. Equinor ASA’s dividend payout ratio (DPR) 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.