Private Advisor Group LLC Invests $630,000 in Equinor ASA $EQNR

Private Advisor Group LLC purchased a new stake in Equinor ASA (NYSE:EQNR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,925 shares of the company’s stock, valued at approximately $630,000.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after purchasing an additional 1,202 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Equinor ASA by 86.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of Equinor ASA during the second quarter worth about $36,000. Sound Income Strategies LLC lifted its position in shares of Equinor ASA by 119.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Arax Advisory Partners grew its stake in Equinor ASA by 78.6% in the fourth quarter. Arax Advisory Partners now owns 2,377 shares of the company’s stock worth $56,000 after purchasing an additional 1,046 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EQNR shares. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price objective on the stock in a research note on Tuesday, March 24th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Friday, March 20th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Pareto Securities cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.70.

Equinor ASA Trading Down 0.7%

NYSE:EQNR opened at $35.92 on Thursday. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46. The firm has a market capitalization of $105.78 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.37 and a beta of 0.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.24 and a quick ratio of 1.12. The business has a 50 day simple moving average of $35.64 and a 200 day simple moving average of $33.30.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%.The firm had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equities research analysts predict that Equinor ASA will post 4.75 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. Equinor ASA’s dividend payout ratio is currently 58.72%.

Equinor ASA 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.