Campbell & CO Investment Adviser LLC increased its holdings in shares of Equinor ASA (NYSE:EQNR) by 117.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,919 shares of the company’s stock after purchasing an additional 20,507 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Equinor ASA were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the business. We Are One Seven LLC acquired a new stake in Equinor ASA during the fourth quarter worth about $31,000. BOKF NA acquired a new stake in Equinor ASA during the fourth quarter worth about $35,000. Lindbrook Capital LLC acquired a new stake in Equinor ASA during the fourth quarter worth about $52,000. Private Capital Group LLC raised its stake in Equinor ASA by 27.0% during the first quarter. Private Capital Group LLC now owns 2,640 shares of the company’s stock worth $58,000 after acquiring an additional 561 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in Equinor ASA during the first quarter worth about $84,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.
Several research firms recently weighed in on EQNR. Zacks Investment Research upgraded shares of Equinor ASA from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. ValuEngine cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Santander upgraded shares of Equinor ASA from an “underperform” rating to a “hold” rating in a report on Monday, June 17th. Banco Santander upgraded shares of Equinor ASA to a “hold” rating in a report on Monday, June 17th. Finally, HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Equinor ASA currently has an average rating of “Hold” and a consensus price target of $26.36.
EQNR stock traded up $0.36 on Wednesday, hitting $20.09. 693,300 shares of the company’s stock traded hands, compared to its average volume of 1,422,849. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.48. The firm has a market cap of $66.87 billion, a PE ratio of 9.95 and a beta of 0.96. Equinor ASA has a 1-year low of $18.91 and a 1-year high of $28.93. The stock’s fifty day moving average is $20.11.
Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Equinor ASA had a net margin of 10.46% and a return on equity of 15.79%. The business had revenue of $16.41 billion during the quarter. On average, equities analysts expect that Equinor ASA will post 1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th were given a $0.26 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.04 dividend on an annualized basis and a yield of 5.18%. Equinor ASA’s payout ratio is 37.62%.
Equinor ASA Company Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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