Cetera Investment Advisers Grows Position in Equinor ASA $EQNR

Cetera Investment Advisers raised its stake in shares of Equinor ASA (NYSE:EQNR) by 30.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 108,633 shares of the company’s stock after purchasing an additional 25,361 shares during the period. Cetera Investment Advisers’ holdings in Equinor ASA were worth $2,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of Equinor ASA during the 1st quarter valued at about $57,000. Assetmark Inc. increased its holdings in Equinor ASA by 7,586.7% in the 1st quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock worth $61,000 after acquiring an additional 2,276 shares in the last quarter. Cromwell Holdings LLC raised its stake in Equinor ASA by 30.4% during the 2nd quarter. Cromwell Holdings LLC now owns 2,743 shares of the company’s stock worth $69,000 after acquiring an additional 639 shares during the period. SVB Wealth LLC purchased a new position in Equinor ASA during the first quarter valued at approximately $74,000. Finally, Allworth Financial LP lifted its holdings in Equinor ASA by 378.3% during the second quarter. Allworth Financial LP now owns 3,071 shares of the company’s stock valued at $77,000 after purchasing an additional 2,429 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

EQNR has been the subject of a number of analyst reports. Sanford C. Bernstein cut shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Barclays restated an “underweight” rating on shares of Equinor ASA in a research report on Friday, October 31st. Finally, DZ Bank lowered Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $22.71.

Equinor ASA Price Performance

EQNR stock opened at $22.56 on Friday. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The firm has a market capitalization of $66.42 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. The company has a fifty day simple moving average of $24.04 and a two-hundred day simple moving average of $24.69. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.20). Equinor ASA had a net margin of 5.27% and a return on equity of 14.11%. The business had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 6.6%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 14th. Equinor ASA’s dividend payout ratio (DPR) is currently 57.35%.

About Equinor ASA

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.