PNC Financial Services Group Inc. grew its holdings in Equinor ASA (NYSE:EQNR – Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,568 shares of the company’s stock after purchasing an additional 1,189 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Equinor ASA were worth $1,600,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of EQNR. Principal Securities Inc. bought a new position in Equinor ASA during the 4th quarter worth approximately $30,000. Avalon Trust Co bought a new position in Equinor ASA during the 4th quarter worth approximately $41,000. Princeton Global Asset Management LLC bought a new position in Equinor ASA during the 4th quarter worth approximately $43,000. SRS Capital Advisors Inc. boosted its stake in Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock worth $44,000 after acquiring an additional 1,129 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Equinor ASA during the 4th quarter worth approximately $46,000. Institutional investors own 5.51% of the company’s stock.
Equinor ASA Price Performance
NYSE EQNR opened at $28.34 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73. The company has a market capitalization of $88.48 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 3.73 and a beta of 0.85. The firm’s 50 day moving average is $27.67 and its 200-day moving average is $28.67.
Equinor ASA (NYSE:EQNR – Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.18. The business had revenue of $25.14 billion for the quarter, compared to the consensus estimate of $25.03 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. Equities research analysts anticipate that Equinor ASA will post 3.5 earnings per share for the current fiscal year.
Equinor ASA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. Equinor ASA’s dividend payout ratio (DPR) is 35.60%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. DZ Bank lowered shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, TD Cowen assumed coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They issued a “hold” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.25.
Read Our Latest Research Report on EQNR
Equinor ASA Profile
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.
See Also
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Source: defenseworld.net
