Equinor ASA $EQNR Shares Acquired by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd increased its position in Equinor ASA (NYSE:EQNR) by 29.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,503 shares of the company’s stock after buying an additional 1,029 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Equinor ASA were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EQNR. Montag A & Associates Inc. acquired a new stake in shares of Equinor ASA in the first quarter valued at $53,000. Wayfinding Financial LLC acquired a new stake in shares of Equinor ASA in the first quarter valued at $54,000. Headlands Technologies LLC acquired a new stake in shares of Equinor ASA in the first quarter valued at $57,000. Assetmark Inc. lifted its holdings in shares of Equinor ASA by 7,586.7% in the first quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock valued at $61,000 after buying an additional 2,276 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Equinor ASA by 36.4% during the first quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock worth $62,000 after purchasing an additional 629 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Down 3.0%

NYSE:EQNR opened at $24.23 on Friday. The firm has a market capitalization of $71.34 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.90 and a beta of 0.52. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average price is $24.36 and its 200 day moving average price is $24.54.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. On average, sell-side analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.30. This represents a $1.48 annualized dividend and a yield of 6.1%. Equinor ASA’s payout ratio is presently 40.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EQNR shares. UBS Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Finally, Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $22.71.

Equinor ASA Company 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.