XY Capital Ltd Acquires Shares of 26,201 Equinor ASA $EQNR

XY Capital Ltd acquired a new stake in shares of Equinor ASA (NYSE:EQNR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,201 shares of the company’s stock, valued at approximately $823,000. Equinor ASA comprises 0.8% of XY Capital Ltd’s holdings, making the stock its 19th largest holding.

Other hedge funds have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new position in Equinor ASA during the first quarter valued at $35,000. Assetmark Inc. increased its holdings in Equinor ASA by 130.2% in the 1st quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock valued at $44,000 after acquiring an additional 586 shares during the last quarter. Eastern Bank purchased a new stake in Equinor ASA in the 2nd quarter worth $35,000. UMB Bank n.a. lifted its stake in Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Equinor ASA by 86.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

NYSE EQNR opened at $42.09 on Friday. The company has a market cap of $100.63 billion, a P/E ratio of 11.47, a P/E/G ratio of 2.78 and a beta of 0.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.10 and a current ratio of 1.18. The business’s 50 day moving average price is $38.76 and its 200-day moving average price is $37.20. Equinor ASA has a fifty-two week low of $22.26 and a fifty-two week high of $44.33.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). The company had revenue of $34.02 billion for the quarter, compared to analysts’ expectations of $34.03 billion. Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. Sell-side analysts predict that Equinor ASA will post 4.92 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 3.7%. Equinor ASA’s dividend payout ratio is currently 34.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. TD Cowen boosted their target price on Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada upgraded Equinor ASA from an “underperform” rating to a “sector perform” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and a consensus target price of $39.20.

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.