Equinor ASA $EQNR Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Equinor ASA (NYSE:EQNR) by 26.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 136,904 shares of the company’s stock after acquiring an additional 28,795 shares during the quarter. Bank of Montreal Can’s holdings in Equinor ASA were worth $3,442,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Citigroup Inc. lifted its holdings in Equinor ASA by 8,986.2% in the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the period. Goldman Sachs Group Inc. increased its stake in Equinor ASA by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock valued at $100,630,000 after buying an additional 572,193 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Equinor ASA by 140.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 570,657 shares of the company’s stock worth $14,346,000 after buying an additional 333,233 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Equinor ASA in the 1st quarter worth approximately $7,459,000. Finally, Quantbot Technologies LP lifted its stake in shares of Equinor ASA by 734.4% in the 1st quarter. Quantbot Technologies LP now owns 261,708 shares of the company’s stock worth $6,922,000 after acquiring an additional 230,344 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQNR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. Hsbc Global Res downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Finally, Barclays reaffirmed an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Equinor ASA currently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $24.70 on Wednesday. The company has a market capitalization of $72.73 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The stock has a fifty day moving average of $24.25 and a 200-day moving average of $24.66. Equinor ASA has a one year low of $21.41 and a one year high of $28.26.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). Equinor ASA had a return on equity of 14.11% and a net margin of 5.27%.The company had revenue of $26.06 billion during the quarter, compared to analyst estimates of $23.26 billion. As a group, equities analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, November 14th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio is presently 57.35%.

Equinor ASA 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.