40,222 Shares in Equinor ASA $EQNR Purchased by National Bank of Canada FI

Key Points

• National Bank of Canada FI acquired 40,222 shares of Equinor ASA valued at approximately $1,064,000 in the first quarter.
• Equinor ASA reported earnings of $0.64 per share, missing estimates, with revenues of $25.12 billion for the quarter.
• The company announced a dividend of $0.304 per share, with a yield of 496.0%, to be paid on August 29th.

National Bank of Canada FI acquired a new stake in Equinor ASA (NYSE:EQNR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 40,222 shares of the company's stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of Equinor ASA in the 4th quarter valued at about $1,120,000. Sequoia Financial Advisors LLC acquired a new position in shares of Equinor ASA in the 1st quarter valued at about $205,000. Sarasin & Partners LLP lifted its stake in shares of Equinor ASA by 35.0% in the 1st quarter. Sarasin & Partners LLP now owns 547,576 shares of the company's stock valued at $13,870,000 after purchasing an additional 141,949 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Equinor ASA in the 4th quarter valued at about $909,000. Finally, CWA Asset Management Group LLC lifted its stake in shares of Equinor ASA by 30.1% in the 1st quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company's stock valued at $1,820,000 after purchasing an additional 15,910 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EQNR shares. Morgan Stanley downgraded Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective on the stock. in a research note on Monday, May 12th. JPMorgan Chase & Co. downgraded Equinor ASA from a "neutral" rating to an "underweight" rating in a research note on Tuesday, August 12th. TD Cowen dropped their price target on Equinor ASA from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group downgraded Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA currently has an average rating of "Reduce" and an average target price of $22.71.

Equinor ASA Stock Up 2.4%

Shares of EQNR stock traded up $0.5850 on Thursday, hitting $24.9650. The stock had a trading volume of 4,310,658 shares, compared to its average volume of 4,051,507. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $28.26. The stock has a market cap of $73.52 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.84 and a beta of 0.59. The business has a 50 day moving average of $25.70 and a 200 day moving average of $24.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37.

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

Equinor ASA Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.304 per share. This represents a yield of 496.0%. The ex-dividend date is Tuesday, August 19th. Equinor ASA's dividend payout ratio (DPR) is 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.