GTS Securities LLC Makes New Investment in Equinor ASA $EQNR

GTS Securities LLC purchased a new stake in Equinor ASA (NYSE:EQNR) during the 2nd quarter, Holdings Channel reports. The firm purchased 68,838 shares of the company’s stock, valued at approximately $2,162,000.

A number of other hedge funds also recently made changes to their positions in EQNR. Blair William & Co. IL boosted its position in shares of Equinor ASA by 2.7% during the fourth quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock worth $351,000 after buying an additional 389 shares during the period. National Bank of Canada FI increased its position in Equinor ASA by 1.1% in the 3rd quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock valued at $952,000 after acquiring an additional 437 shares during the period. TD Asset Management Inc increased its position in Equinor ASA by 5.4% in the 4th quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock valued at $229,000 after acquiring an additional 501 shares during the period. Inspire Investing LLC raised its stake in Equinor ASA by 4.5% during the 1st quarter. Inspire Investing LLC now owns 11,657 shares of the company’s stock valued at $492,000 after acquiring an additional 503 shares in the last quarter. Finally, CWM LLC raised its stake in Equinor ASA by 20.6% during the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock valued at $72,000 after acquiring an additional 522 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Cowen boosted their price target on Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Weiss Ratings raised Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upgraded shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and an average price target of $39.20.

Equinor ASA Price Performance

NYSE EQNR opened at $41.39 on Friday. 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 $98.95 billion, a PE ratio of 11.28, a P/E/G ratio of 2.73 and a beta of 0.04. The company’s 50 day simple moving average is $37.64 and its 200 day simple moving average is $36.67. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10.

Equinor ASA (NYSE:EQNR) last released its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). The firm had revenue of $34.02 billion during the quarter, compared to analyst estimates of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. As a group, equities research analysts forecast that Equinor ASA will post 4.92 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, November 16th. Equinor ASA’s payout ratio is currently 34.88%.

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.