OneAscent Investment Solutions LLC Makes New $941,000 Investment in Equinor ASA $EQNR

Key Points

• OneAscent Investment Solutions LLC has acquired 35,578 shares of Equinor ASA, valued at approximately $941,000, making it the firm's 14th largest investment position.
• Institutional investors hold 5.51% of Equinor ASA, with notable increases in holdings by multiple funds, including a 725.4% boost by Sound Income Strategies LLC in the 1st quarter.
• Equinor ASA's stock performance reveals a 12-month low of $21.41 and a high of $28.26, with a current consensus rating of "Hold" from analysts.

OneAscent Investment Solutions LLC bought a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,578 shares of the company's stock, valued at approximately $941,000. Equinor ASA accounts for 1.1% of OneAscent Investment Solutions LLC's portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Equinor ASA during the 1st quarter worth approximately $92,000. Eagle Global Advisors LLC raised its stake in Equinor ASA by 11.7% during the 1st quarter. Eagle Global Advisors LLC now owns 143,000 shares of the company's stock worth $3,782,000 after acquiring an additional 15,000 shares during the period. Aigen Investment Management LP bought a new stake in Equinor ASA during the 1st quarter worth approximately $1,612,000. Invesco Ltd. raised its stake in Equinor ASA by 7.6% during the 1st quarter. Invesco Ltd. now owns 103,129 shares of the company's stock worth $2,728,000 after acquiring an additional 7,299 shares during the period. Finally, Atlas Capital Advisors Inc. raised its stake in Equinor ASA by 10.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 5,618 shares of the company's stock worth $149,000 after acquiring an additional 553 shares during the period. Institutional investors own 5.51% of the company's stock.

Equinor ASA Price Performance

Shares of EQNR stock traded down $0.1850 on Tuesday, reaching $23.8650. The company's stock had a trading volume of 1,399,662 shares, compared to its average volume of 4,146,391. The stock's fifty day simple moving average is $25.79 and its 200-day simple moving average is $24.45. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $70.28 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.84 and a beta of 0.59.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its earnings results 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 net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion during the quarter, compared to analysts' expectations of $23.88 billion. Analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQNR. Pareto Securities cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Hsbc Global Res cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Redburn Atlantic cut shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th. Finally, UBS Group cut shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. Four investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $22.71.

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.