Aquatic Capital Management LLC Buys 65,002 Shares of Equinor ASA $EQNR

Aquatic Capital Management LLC increased its position in shares of Equinor ASA (NYSE:EQNR) by 31.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,630 shares of the company’s stock after purchasing an additional 65,002 shares during the period. Aquatic Capital Management LLC’s holdings in Equinor ASA were worth $6,598,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in Equinor ASA during the second quarter valued at about $36,000. New Millennium Group LLC purchased a new position in Equinor ASA in the 3rd quarter worth approximately $57,000. MAI Capital Management boosted its stake in Equinor ASA by 55.6% in the 2nd quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after purchasing an additional 836 shares during the period. AlphaCore Capital LLC purchased a new stake in Equinor ASA during the 2nd quarter valued at approximately $77,000. Finally, Allworth Financial LP grew its holdings in Equinor ASA by 378.3% during the 2nd quarter. Allworth Financial LP now owns 3,071 shares of the company’s stock valued at $77,000 after buying an additional 2,429 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Up 2.7%

Shares of EQNR opened at $35.29 on Monday. The company’s fifty day simple moving average is $27.76 and its 200-day simple moving average is $25.21. The company has a market cap of $103.93 billion, a P/E ratio of 18.58, a P/E/G ratio of 4.25 and a beta of 0.35. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $35.67.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.60 by $0.21. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $21.31 billion. As a group, analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 4.4%. Equinor ASA’s payout ratio is 64.21%.

Wall Street Analyst Weigh In

EQNR has been the topic of several research analyst reports. Bank of America downgraded shares of Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. TD Cowen lifted their price objective on Equinor ASA from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Jefferies Financial Group assumed coverage on shares of Equinor ASA in a research note on Thursday, January 8th. They set a “hold” rating on the stock. Finally, Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $24.71.

About Equinor ASA

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.