Truist Financial Corp boosted its position in Equinor ASA (NYSE:EQNR – Get Rating) by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,102 shares of the company’s stock after buying an additional 825 shares during the period. Truist Financial Corp’s holdings in Equinor ASA were worth $942,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Folketrygdfondet increased its holdings in Equinor ASA by 1.7% during the 4th quarter. Folketrygdfondet now owns 121,321,782 shares of the company’s stock worth $3,194,403,000 after purchasing an additional 2,000,447 shares in the last quarter. Bank of America Corp DE increased its holdings in Equinor ASA by 8.0% during the 4th quarter. Bank of America Corp DE now owns 7,486,055 shares of the company’s stock worth $197,108,000 after purchasing an additional 556,974 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Equinor ASA by 90.5% during the 4th quarter. Point72 Asset Management L.P. now owns 2,565,111 shares of the company’s stock worth $67,539,000 after purchasing an additional 1,218,685 shares in the last quarter. Flputnam Investment Management Co. increased its holdings in Equinor ASA by 0.4% during the 4th quarter. Flputnam Investment Management Co. now owns 843,323 shares of the company’s stock worth $22,205,000 after purchasing an additional 3,283 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in Equinor ASA by 5.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 835,007 shares of the company’s stock worth $21,986,000 after purchasing an additional 44,819 shares in the last quarter. 5.66% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
EQNR has been the topic of a number of recent analyst reports. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 7th. UBS Group raised their target price on Equinor ASA from 315.00 to 330.00 and gave the company a “neutral” rating in a research report on Thursday, May 5th. DNB Markets raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft raised their target price on Equinor ASA from 314.00 to 354.00 and gave the company a “hold” rating in a research report on Wednesday, July 6th. Finally, Royal Bank of Canada lowered Equinor ASA from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $320.00 to $330.00 in a research report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $243.67.
Equinor ASA Stock Down 0.1 %
Equinor ASA (NYSE:EQNR – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. The firm had revenue of $36.05 billion during the quarter. Equinor ASA had a return on equity of 35.64% and a net margin of 10.44%. Research analysts anticipate that Equinor ASA will post 6.15 earnings per share for the current fiscal year.
Equinor ASA Dividend Announcement
The company also recently disclosed a None dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a dividend of $0.345 per share. The ex-dividend date is Thursday, August 11th. This represents a dividend yield of 1.9%. Equinor ASA’s dividend payout ratio is 16.43%.
About Equinor ASA
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.
- Get a free copy of the StockNews.com research report on Equinor ASA (EQNR)
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