CIBC Bancorp USA Inc. Makes New Investment in Equinor ASA $EQNR

Key Points

• CIBC Bancorp USA acquired a new stake of 876,391 shares in Equinor (NYSE:EQNR) in Q3, worth about $21.37 million; institutional investors now own roughly 5.51% of the stock.
• Equinor reported a quarterly earnings beat—$0.81 EPS vs. $0.60 estimate—and revenue of $25.3 billion, while the company has a market cap of about $113.5 billion and a 1‑year trading range of $21.41–$38.58.
• Equinor raised its quarterly dividend to $0.39 (annualized $1.56) for a ~4.0% yield, with an ex-dividend/record date of May 15 and a payout ratio of 64.21%.

CIBC Bancorp USA Inc. acquired a new stake in shares of Equinor ASA (NYSE:EQNR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 876,391 shares of the company's stock, valued at approximately $21,366,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC bought a new stake in Equinor ASA during the 2nd quarter valued at $36,000. MAI Capital Management boosted 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 valued at $59,000 after buying an additional 836 shares during the period. New Millennium Group LLC bought a new stake in Equinor ASA in the 3rd quarter worth $57,000. AlphaCore Capital LLC purchased a new position in shares of Equinor ASA in the second quarter valued at about $77,000. Finally, Allworth Financial LP increased its position in shares of Equinor ASA by 378.3% in the second 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. Institutional investors own 5.51% of the company's stock.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $38.55 on Thursday. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $38.58. The stock has a market capitalization of $113.50 billion, a P/E ratio of 20.29, a P/E/G ratio of 4.20 and a beta of 0.35. The company's 50-day moving average is $28.58 and its 200 day moving average is $25.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.16.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. 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 yield of 4.0%. Equinor ASA's payout ratio is currently 64.21%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EQNR shares. TD Cowen increased their target price on shares of Equinor ASA from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, February 5th. Jefferies Financial Group began coverage on Equinor ASA in a report on Thursday, January 8th. They set a "hold" rating on the stock. Pareto Securities raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 5th. Weiss Ratings upgraded Equinor ASA from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 12th. Finally, Bank of America lowered Equinor ASA from a "buy" rating to a "neutral" rating in a research report on Thursday, February 5th. One investment 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, the company has an average rating of "Reduce" and an average price target of $24.71.

Equinor ASA Company 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.

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