Bank of Montreal Can acquired a new stake in Equinor ASA (NYSE:EQNR – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 122,419 shares of the company’s stock, valued at approximately $3,739,000.
Other institutional investors have also recently bought and sold shares of the company. BOKF NA bought a new position in Equinor ASA in the 1st quarter valued at $39,000. Ameritas Advisory Services LLC bought a new position in shares of Equinor ASA during the 1st quarter worth $44,000. Janiczek Wealth Management LLC grew its stake in shares of Equinor ASA by 1,138.1% during the 2nd quarter. Janiczek Wealth Management LLC now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 1,525 shares during the period. Samalin Investment Counsel LLC bought a new position in shares of Equinor ASA during the 1st quarter worth $50,000. Finally, Ridgewood Investments LLC bought a new position in shares of Equinor ASA during the 1st quarter worth $61,000. Institutional investors own 5.38% of the company’s stock.
Analyst Upgrades and Downgrades
EQNR has been the subject of several research reports. StockNews.com downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Berenberg Bank downgraded Equinor ASA from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. The Goldman Sachs Group downgraded Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Thursday, October 5th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating in a research note on Friday, September 1st. Finally, Royal Bank of Canada upgraded Equinor ASA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 9th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold”.
Equinor ASA Stock Performance
Shares of EQNR opened at $33.14 on Monday. The stock’s 50-day simple moving average is $32.69 and its 200 day simple moving average is $30.39. The stock has a market capitalization of $103.46 billion, a price-to-earnings ratio of 5.98, a price-to-earnings-growth ratio of 1.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.73 and a current ratio of 1.80. Equinor ASA has a 52-week low of $25.23 and a 52-week high of $38.83.
Equinor ASA (NYSE:EQNR – Get Free Report) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Equinor ASA had a return on equity of 27.26% and a net margin of 15.28%. The company had revenue of $26.02 billion for the quarter, compared to analysts’ expectations of $54.12 billion. Research analysts forecast that Equinor ASA will post 4.1 EPS for the current fiscal year.
Equinor ASA Increases Dividend
The firm also recently declared a — dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a dividend yield of 2.6%. This is a boost from Equinor ASA’s previous — dividend of $0.60. Equinor ASA’s dividend payout ratio (DPR) is presently 20.94%.
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.
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