28,440 Shares in Equinor ASA $EQNR Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. purchased a new position in Equinor ASA (NYSE:EQNR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,440 shares of the company's stock, valued at approximately $893,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its position in shares of Equinor ASA by 1,794.0% during the fourth quarter. UMB Bank n.a. now owns 1,269 shares of the company's stock worth $30,000 after purchasing an additional 1,202 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Equinor ASA by 86.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company's stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Equinor ASA during the first quarter valued at $35,000. Eastern Bank purchased a new position in Equinor ASA during the second quarter valued at $35,000. Finally, McIlrath & Eck LLC bought a new stake in Equinor ASA in the 2nd quarter valued at $36,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQNR has been the topic of several research analyst reports. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 6th. Wall Street Zen cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 22nd. Zacks Research downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Weiss Ratings raised Equinor ASA from a "hold (c+)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Finally, TD Cowen raised their price target on Equinor ASA from $37.00 to $38.00 and gave the company a "hold" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.20.

Equinor ASA Stock Down 0.4%

Shares of NYSE EQNR opened at $41.39 on Friday. The firm's 50-day moving average price is $37.64 and its 200-day moving average price is $36.67. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $98.95 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.73 and a beta of 0.04. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The company had revenue of $34.02 billion for the quarter, compared to analysts' expectations of $34.03 billion. On average, equities research analysts anticipate that Equinor ASA will post 4.92 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 16th. Equinor ASA's payout ratio is presently 34.88%.

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.

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