HighTower Advisors LLC Lowers Stock Holdings in Equinor ASA $EQNR

HighTower Advisors LLC decreased its holdings in shares of Equinor ASA (NYSE:EQNR) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,047 shares of the company’s stock after selling 749 shares during the quarter. HighTower Advisors LLC’s holdings in Equinor ASA were worth $2,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock worth $26,000 after acquiring an additional 856 shares during the last quarter. GeoWealth Management LLC increased its stake in Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock worth $33,000 after acquiring an additional 985 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in Equinor ASA during the first quarter worth $53,000. Wayfinding Financial LLC acquired a new stake in Equinor ASA during the first quarter worth $54,000. Finally, Headlands Technologies LLC purchased a new position in shares of Equinor ASA during the first quarter worth $57,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 0.6%

Shares of NYSE EQNR opened at $25.1250 on Friday. The company has a market capitalization of $73.99 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37. The business has a 50-day moving average of $25.65 and a two-hundred day moving average of $24.45. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The business had revenue of $25.12 billion for the quarter, compared to analysts’ expectations of $23.88 billion. On average, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.304 per share. The ex-dividend date is Tuesday, August 19th. This represents a dividend yield of 496.0%. Equinor ASA’s payout ratio is 40.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EQNR shares. Morgan Stanley lowered Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target for the company. in a research report on Monday, May 12th. TD Cowen lowered their price target on Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 2nd. Hsbc Global Res lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. UBS Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 1st. Finally, Kepler Capital Markets lowered Equinor ASA from a “hold” rating to a “reduce” rating in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Equinor ASA has a consensus rating of “Reduce” and a consensus target price of $22.71.

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.