Equinor ASA (NYSE:EQNR) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Equinor ASA (NYSE:EQNR) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,581 shares of the company’s stock after buying an additional 9,406 shares during the period. Bank of Montreal Can’s holdings in Equinor ASA were worth $3,903,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EQNR. Atwood & Palmer Inc. acquired a new stake in Equinor ASA in the second quarter worth $25,000. Rothschild Investment LLC acquired a new stake in Equinor ASA in the second quarter worth $32,000. EverSource Wealth Advisors LLC increased its position in Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Equinor ASA in the second quarter worth $51,000. Finally, GAMMA Investing LLC increased its position in Equinor ASA by 44.8% in the second quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock worth $61,000 after buying an additional 663 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Trading Up 2.6 %

Shares of EQNR stock opened at $26.00 on Wednesday. The stock has a 50-day simple moving average of $26.08 and a 200 day simple moving average of $27.13. Equinor ASA has a fifty-two week low of $24.02 and a fifty-two week high of $34.73. The stock has a market capitalization of $76.55 billion, a P/E ratio of 8.05, a P/E/G ratio of 3.45 and a beta of 0.83. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The business had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. During the same quarter last year, the business posted $0.74 earnings per share. On average, sell-side analysts expect that Equinor ASA will post 3.3 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently declared a — dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were given a $0.35 dividend. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 4.1%. Equinor ASA’s dividend payout ratio (DPR) is 43.34%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EQNR shares. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. TD Cowen lowered their price target on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $30.50 to $25.80 in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.90.

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.