SG Americas Securities LLC Invests $849,000 in Equinor ASA $EQNR

SG Americas Securities LLC acquired a new stake in Equinor ASA (NYSE:EQNR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,840 shares of the company’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its position in Equinor ASA by 11.1% during the first quarter. Royal Bank of Canada now owns 148,723 shares of the company’s stock worth $3,932,000 after acquiring an additional 14,913 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Equinor ASA during the 1st quarter worth about $263,000. Empowered Funds LLC raised its holdings in shares of Equinor ASA by 1.9% in the 1st quarter. Empowered Funds LLC now owns 112,194 shares of the company’s stock valued at $2,968,000 after purchasing an additional 2,112 shares during the period. Acadian Asset Management LLC acquired a new stake in Equinor ASA in the 1st quarter valued at about $816,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Equinor ASA by 6.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,431 shares of the company’s stock worth $396,000 after purchasing an additional 982 shares during the period. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Up 2.7%

EQNR stock opened at $25.37 on Tuesday. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a market capitalization of $74.69 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 2.98 and a beta of 0.36. The business’s fifty day moving average price is $23.45 and its two-hundred day moving average price is $24.28.

Equinor ASA (NYSE:EQNR) last released 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 net margin of 5.27% and a return on equity of 14.34%. The business had revenue of $26.06 billion during the quarter, compared to analyst estimates of $23.26 billion. On average, equities analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Increases Dividend

The firm also recently announced 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 dividend yield of 5.8%. The ex-dividend date was Friday, November 14th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio (DPR) is currently 57.82%.

Analyst Ratings Changes

EQNR has been the topic of several research analyst reports. Jefferies Financial Group started coverage on Equinor ASA in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Barclays restated an “underweight” rating on shares of Equinor ASA in a research note on Friday, October 31st. Zacks Research cut shares of Equinor ASA from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Finally, Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.