Duff & Phelps Investment Management Co. decreased its stake in shares of Equinor ASA (NYSE:EQNR) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,435 shares of the company’s stock after selling 4,348 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Equinor ASA were worth $7,146,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Polaris Greystone Financial Group LLC acquired a new position in Equinor ASA during the third quarter worth $4,078,000. Aperio Group LLC boosted its holdings in Equinor ASA by 17.6% during the third quarter. Aperio Group LLC now owns 1,125,339 shares of the company’s stock worth $31,735,000 after purchasing an additional 168,144 shares during the last quarter. Dorsey Wright & Associates acquired a new position in Equinor ASA during the third quarter worth $6,072,000. Bank of Montreal Can boosted its holdings in Equinor ASA by 86.9% during the third quarter. Bank of Montreal Can now owns 16,935 shares of the company’s stock worth $478,000 after purchasing an additional 7,872 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in Equinor ASA during the third quarter worth $334,000. 5.15% of the stock is owned by institutional investors.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a report on Tuesday, October 16th. Barclays upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating in a report on Tuesday, September 11th. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Friday, October 5th. Macquarie upgraded shares of Equinor ASA from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 3rd. Finally, Credit Suisse Group cut shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, July 19th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Equinor ASA presently has an average rating of “Buy” and a consensus price target of $31.00.
Shares of EQNR opened at $26.38 on Tuesday. Equinor ASA has a 12 month low of $19.74 and a 12 month high of $28.93. The firm has a market cap of $90.08 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Equinor ASA had a net margin of 6.69% and a return on equity of 13.09%. The business had revenue of $18.14 billion during the quarter. As a group, equities research analysts predict that Equinor ASA will post 2.23 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.23 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, November 20th. Equinor ASA’s payout ratio is 48.55%.
Equinor ASA Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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