Caprock Group LLC Makes New Investment in Equinor ASA $EQNR

Caprock Group LLC acquired a new position in Equinor ASA (NYSE:EQNR) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 102,184 shares of the company’s stock, valued at approximately $2,515,000.

Other institutional investors have also modified their holdings of the company. McIlrath & Eck LLC purchased a new position in Equinor ASA in the second quarter valued at approximately $36,000. MAI Capital Management increased its position in shares of Equinor ASA by 55.6% in the second quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after acquiring an additional 836 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Equinor ASA in the second quarter worth $77,000. Allworth Financial LP raised its stake in shares of Equinor ASA by 378.3% in the 2nd quarter. Allworth Financial LP now owns 3,071 shares of the company’s stock valued at $77,000 after acquiring an additional 2,429 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Equinor ASA by 29.6% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 4,503 shares of the company’s stock valued at $113,000 after acquiring an additional 1,029 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EQNR. Barclays reiterated an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. Zacks Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Monday. TD Cowen raised their target price on Equinor ASA from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Jefferies Financial Group initiated coverage on Equinor ASA in a research report on Thursday, January 8th. They set a “hold” rating on the stock. Finally, Sanford C. Bernstein downgraded shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA presently has an average rating of “Reduce” and a consensus price target of $24.71.

Equinor ASA Stock Performance

Shares of EQNR opened at $27.59 on Friday. The firm has a market cap of $81.25 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 3.52 and a beta of 0.38. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $24.57 and its two-hundred day moving average is $24.38. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $28.73.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. The business had revenue of $25.30 billion during the quarter, compared to analyst estimates of $21.31 billion. Analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 5.7%. Equinor ASA’s dividend payout ratio is 64.21%.

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.