HighTower Advisors LLC Has $8.23 Million Holdings in Equinor ASA $EQNR

HighTower Advisors LLC lifted its position in shares of Equinor ASA (NYSE:EQNR) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,751 shares of the company’s stock after acquiring an additional 36,891 shares during the quarter. HighTower Advisors LLC’s holdings in Equinor ASA were worth $8,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in shares of Equinor ASA in the second quarter worth $36,000. MAI Capital Management raised its position in Equinor ASA by 55.6% during 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 last quarter. AlphaCore Capital LLC acquired a new position in Equinor ASA during the 2nd quarter worth about $77,000. Allworth Financial LP grew its position 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 buying an additional 2,429 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Equinor ASA by 13.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 4,722 shares of the company’s stock valued at $115,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Down 0.1%

Equinor ASA stock opened at $28.82 on Monday. 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 company has a market capitalization of $84.87 billion, a PE ratio of 15.17, a PEG ratio of 3.55 and a beta of 0.37. The firm’s fifty day moving average is $25.21 and its 200 day moving average is $24.47. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $29.39.

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

Equinor ASA Increases Dividend

The company also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a yield of 5.4%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, May 15th. Equinor ASA’s payout ratio is 64.21%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EQNR. Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Barclays reiterated an “underweight” rating on shares of Equinor ASA in a research report on Friday, October 31st. Bank of America lowered shares of Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, TD Cowen increased their price target on Equinor ASA from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of “Reduce” and a consensus target price of $24.71.

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.