73,721 Shares in Equinor ASA $EQNR Purchased by DJE Kapital AG

DJE Kapital AG purchased a new position in shares of Equinor ASA (NYSE:EQNR) during the first quarter, HoldingsChannel reports. The firm purchased 73,721 shares of the company’s stock, valued at approximately $2,913,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Equinor ASA during the fourth quarter worth approximately $4,734,000. QRG Capital Management Inc. grew its position in shares of Equinor ASA by 38.5% in the fourth quarter. QRG Capital Management Inc. now owns 125,044 shares of the company’s stock valued at $2,955,000 after purchasing an additional 34,757 shares during the last quarter. John G Ullman & Associates Inc. grew its position in shares of Equinor ASA by 58.7% in the fourth quarter. John G Ullman & Associates Inc. now owns 128,809 shares of the company’s stock valued at $3,044,000 after purchasing an additional 47,650 shares during the last quarter. Logan Capital Management Inc. increased its stake in shares of Equinor ASA by 9.8% during the fourth quarter. Logan Capital Management Inc. now owns 251,463 shares of the company’s stock worth $5,942,000 after purchasing an additional 22,542 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Equinor ASA during the fourth quarter worth approximately $499,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Up 0.0%

Shares of EQNR stock opened at $37.37 on Tuesday. The stock has a market cap of $110.05 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.06. Equinor ASA has a 1 year low of $22.26 and a 1 year high of $43.46. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $35.61 and a 200 day simple moving average of $33.59.

Equinor ASA (NYSE:EQNR) last posted 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 firm had revenue of $28.40 billion for the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. On average, research analysts predict that Equinor ASA will post 4.73 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business 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 $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.2%. Equinor ASA’s dividend payout ratio (DPR) is presently 58.72%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EQNR shares. Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. TD Cowen decreased their price objective on Equinor ASA from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, June 29th. Pareto Securities cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price for the company in a report on Tuesday, March 24th. Finally, Zacks Research cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.70.

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.