Equinor ASA (NYSE:EQNR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Equinor ASA (NYSE:EQNR) by 31.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,888 shares of the company’s stock after purchasing an additional 5,524 shares during the period. Cerity Partners LLC’s holdings in Equinor ASA were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Equinor ASA by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after buying an additional 134,688 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Equinor ASA by 25.2% during the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock worth $21,983,000 after purchasing an additional 139,952 shares in the last quarter. FMR LLC lifted its position in Equinor ASA by 4.5% in the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after purchasing an additional 444,435 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Equinor ASA by 89.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 45,293 shares of the company’s stock valued at $1,485,000 after purchasing an additional 21,361 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Equinor ASA by 61.8% during the 3rd quarter. HighTower Advisors LLC now owns 258,710 shares of the company’s stock worth $8,469,000 after purchasing an additional 98,786 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Down 0.0 %

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

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). The business had revenue of $29.05 billion during the quarter, compared to analysts’ expectations of $27.35 billion. Equinor ASA had a return on equity of 20.32% and a net margin of 11.09%. Analysts anticipate that Equinor ASA will post 3.26 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is presently 25.06%.

Analyst Ratings Changes

Several research firms have recently commented on EQNR. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.40 to $28.50 in a report 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, TD Cowen raised their price objective on shares of Equinor ASA from $26.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Equinor ASA currently has an average rating of “Hold” and a consensus target price of $28.25.

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.