Ethic Inc. Has $316,000 Stock Position in Equinor ASA $EQNR

Ethic Inc. grew its position in Equinor ASA (NYSE:EQNR) by 24.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,604 shares of the company’s stock after buying an additional 2,438 shares during the period. Ethic Inc.’s holdings in Equinor ASA were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lazari Capital Management Inc. grew its holdings in shares of Equinor ASA by 5.2% in the 2nd quarter. Lazari Capital Management Inc. now owns 8,544 shares of the company’s stock valued at $215,000 after buying an additional 426 shares during the period. Gallacher Capital Management LLC grew its holdings in shares of Equinor ASA by 2.2% in the 2nd quarter. Gallacher Capital Management LLC now owns 21,603 shares of the company’s stock valued at $543,000 after buying an additional 474 shares during the period. Atlas Capital Advisors Inc. grew its holdings in shares of Equinor ASA by 10.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,618 shares of the company’s stock valued at $149,000 after buying an additional 553 shares during the period. GAMMA Investing LLC grew its holdings in shares of Equinor ASA by 36.4% in the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock valued at $62,000 after buying an additional 629 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in shares of Equinor ASA by 30.4% in the 2nd quarter. Cromwell Holdings LLC now owns 2,743 shares of the company’s stock valued at $69,000 after buying an additional 639 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Trading Up 0.4%

Shares of NYSE:EQNR opened at $24.19 on Thursday. The company’s 50-day moving average price is $24.36 and its two-hundred day moving average price is $24.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The stock has a market capitalization of $71.22 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.87 and a beta of 0.52.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.20). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The business had revenue of $26.06 billion for the quarter, compared to the consensus estimate of $23.26 billion. On average, equities analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be given a dividend of $0.37 per share. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.48 annualized dividend and a yield of 6.1%. Equinor ASA’s payout ratio is presently 40.53%.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Weiss Ratings lowered shares of Equinor ASA from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Hsbc Global Res lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lowered shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Finally, Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, Equinor ASA has an average rating of “Reduce” and an average price target of $22.71.

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.