XY Capital Ltd Invests $823,000 in Equinor ASA $EQNR

Key Points

• XY Capital Ltd acquired 26,201 Equinor shares worth approximately $823,000 during the second quarter, making EQNR its 19th-largest holding and representing 0.8% of its portfolio.
• Institutional interest increased, with Bank of America and Arrowstreet Capital among major investors expanding their positions; institutions now own 5.51% of Equinor.
• Analysts maintain a consensus “Hold” rating with a $39.20 price target, while Equinor reported quarterly EPS of $1.33—below estimates—and declared a $0.39 quarterly dividend, yielding 3.7% annually.

XY Capital Ltd acquired a new position in Equinor ASA (NYSE:EQNR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,201 shares of the company's stock, valued at approximately $823,000. Equinor ASA comprises about 0.8% of XY Capital Ltd's holdings, making the stock its 19th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Equinor ASA by 30.2% in the third quarter. Bank of America Corp DE now owns 15,759,942 shares of the company's stock worth $384,227,000 after acquiring an additional 3,659,611 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Equinor ASA by 599.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company's stock valued at $547,194,000 after acquiring an additional 11,112,362 shares during the period. Morgan Stanley increased its stake in shares of Equinor ASA by 5.6% in the 4th quarter. Morgan Stanley now owns 9,250,933 shares of the company's stock worth $218,600,000 after purchasing an additional 493,801 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Equinor ASA by 10.3% in the 4th quarter. Earnest Partners LLC now owns 4,288,512 shares of the company's stock worth $101,338,000 after purchasing an additional 401,424 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Equinor ASA by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,852,448 shares of the company's stock worth $93,923,000 after purchasing an additional 25,250 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank Of Canada upgraded Equinor ASA from an "underperform" rating to a "sector perform" rating in a research report on Thursday, July 23rd. Zacks Research cut 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. TD Cowen lifted their price objective on Equinor ASA from $37.00 to $38.00 and gave the company a "hold" rating in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Equinor ASA currently has a consensus rating of "Hold" and a consensus price target of $39.20.

Equinor ASA Stock Down 1.3%

EQNR opened at $42.09 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.10 and a current ratio of 1.18. Equinor ASA has a fifty-two week low of $22.26 and a fifty-two week high of $44.33. The firm's fifty day moving average is $38.76 and its 200 day moving average is $37.20. The stock has a market cap of $100.63 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 2.78 and a beta of 0.03.

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

Equinor ASA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.7%. Equinor ASA's dividend payout ratio is 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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