Brooklyn Investment Group Grows Stock Holdings in Equinor ASA $EQNR

Key Points

• Brocklyn Investment Group increased its stake in Equinor ASA by 477.9%, owning 14,980 shares valued at approximately $396,000.
• Analysts have downgraded Equinor ASA's stock rating multiple times, with organizations like JPMorgan Chase and HSBC lowering their recommendations to underperform or hold.
• Equinor ASA's recent earnings report revealed a missed EPS estimate of $0.64 compared to the expected $0.66, while the company had a revenue of $25.12 billion for the quarter.

Brooklyn Investment Group boosted its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 477.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,980 shares of the company's stock after buying an additional 12,388 shares during the quarter. Brooklyn Investment Group's holdings in Equinor ASA were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mission Wealth Management LP boosted its stake in Equinor ASA by 4.5% during the first quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock worth $324,000 after buying an additional 522 shares during the period. Atlas Capital Advisors Inc. boosted its stake in shares of Equinor ASA by 10.9% during the first quarter. Atlas Capital Advisors Inc. now owns 5,618 shares of the company's stock valued at $149,000 after purchasing an additional 553 shares during the period. Bruce G. Allen Investments LLC boosted its stake in shares of Equinor ASA by 34.1% during the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock valued at $58,000 after purchasing an additional 556 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Equinor ASA by 9.7% during the first quarter. Farther Finance Advisors LLC now owns 6,769 shares of the company's stock valued at $182,000 after purchasing an additional 596 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Equinor ASA by 36.4% during the first quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock valued at $62,000 after purchasing an additional 629 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQNR has been the subject of a number of recent analyst reports. Pareto Securities lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Hsbc Global Res lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lowered shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a research note on Tuesday, August 12th. Kepler Capital Markets lowered shares of Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday, May 20th. Finally, Barclays lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of "Reduce" and a consensus price target of $22.71.

Equinor ASA Stock Up 0.6%

NYSE:EQNR traded up $0.1550 during mid-day trading on Friday, reaching $25.1250. The company's stock had a trading volume of 2,158,122 shares, compared to its average volume of 3,971,262. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The stock has a fifty day moving average of $25.65 and a 200-day moving average of $24.47. The firm has a market capitalization of $73.99 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%.The business had revenue of $25.12 billion during the quarter, compared to analysts' expectations of $23.88 billion. Equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.304 per share. This represents a dividend yield of 496.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Equinor ASA's dividend payout ratio is presently 40.53%.

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.