Daiwa Securities Group Inc. Buys 481 Shares of Equinor ASA (NYSE:EQNR)

Daiwa Securities Group Inc. grew its stake in shares of Equinor ASA (NYSE:EQNR) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,489 shares of the company’s stock after buying an additional 481 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Equinor ASA were worth $1,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ritholtz Wealth Management bought a new stake in shares of Equinor ASA in the third quarter worth $236,000. Ballentine Partners LLC grew its stake in shares of Equinor ASA by 27.6% in the third quarter. Ballentine Partners LLC now owns 11,023 shares of the company’s stock worth $361,000 after purchasing an additional 2,382 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Equinor ASA by 18.4% in the third quarter. Commonwealth Equity Services LLC now owns 14,714 shares of the company’s stock worth $482,000 after purchasing an additional 2,291 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Equinor ASA by 44.2% in the third quarter. Hexagon Capital Partners LLC now owns 4,297 shares of the company’s stock worth $141,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Equinor ASA by 13.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,098 shares of the company’s stock worth $1,118,000 after purchasing an additional 3,910 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EQNR shares. TD Cowen boosted their price objective on shares of Equinor ASA from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.25.

Equinor ASA Price Performance

EQNR stock opened at $27.12 on Wednesday. The firm has a market cap of $84.67 billion, a price-to-earnings ratio of 6.94 and a beta of 0.85. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73. The company’s fifty day simple moving average is $26.48 and its 200 day simple moving average is $29.60.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.44). The firm had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. On average, analysts expect that Equinor ASA will post 3.26 earnings per share for the current year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. Equinor ASA’s dividend payout ratio is currently 25.06%.

Equinor ASA Company 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.