Leuthold Group LLC Makes New Investment in Equinor ASA $EQNR

Leuthold Group LLC purchased a new stake in Equinor ASA (NYSE:EQNR) during the second quarter, Holdings Channel reports. The firm purchased 9,724 shares of the company’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQNR. Headlands Technologies LLC bought a new position in shares of Equinor ASA during the 1st quarter worth approximately $57,000. MAI Capital Management boosted its stake in Equinor ASA by 55.6% in the second quarter. MAI Capital Management now owns 2,339 shares of the company’s stock valued at $59,000 after acquiring an additional 836 shares in the last quarter. Assetmark Inc. grew its holdings in Equinor ASA by 7,586.7% in the first quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock worth $61,000 after purchasing an additional 2,276 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of Equinor ASA by 30.4% during the second quarter. Cromwell Holdings LLC now owns 2,743 shares of the company’s stock worth $69,000 after purchasing an additional 639 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Equinor ASA during the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Up 1.7%

Equinor ASA stock opened at $22.94 on Monday. 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 business’s 50-day simple moving average is $24.02 and its two-hundred day simple moving average is $24.70. The company has a market cap of $67.55 billion, a PE ratio of 10.87, a PEG ratio of 0.87 and a beta of 0.48. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26.

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

Equinor ASA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.5%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s payout ratio is 57.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Equinor ASA in a research note on Tuesday, November 25th. Morgan Stanley downgraded Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 3rd. Barclays restated an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. Finally, Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $22.71.

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.