Bogart Wealth LLC Purchases 1,850 Shares of Equinor ASA (NYSE:EQNR)

Bogart Wealth LLC raised its stake in shares of Equinor ASA (NYSE:EQNR) by 1,567.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,968 shares of the company’s stock after buying an additional 1,850 shares during the period. Bogart Wealth LLC’s holdings in Equinor ASA were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in Equinor ASA by 4.5% in the 3rd quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after acquiring an additional 444,435 shares during the period. Wellington Management Group LLP increased its stake in Equinor ASA by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after purchasing an additional 134,688 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Equinor ASA by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 1,438,946 shares of the company’s stock valued at $47,183,000 after buying an additional 18,694 shares during the last quarter. Flputnam Investment Management Co. boosted its holdings in Equinor ASA by 1.8% during the fourth quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock worth $25,479,000 after purchasing an additional 14,466 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Equinor ASA by 25.2% in the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock worth $21,983,000 after acquiring an additional 139,952 shares during the period. Institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EQNR. TD Cowen started coverage on shares of Equinor ASA in a research report on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target for the company. StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $26.40 to $28.50 in a research report on Tuesday, February 20th. Finally, DZ Bank lowered Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Equinor ASA has an average rating of “Hold” and an average target price of $28.25.

Equinor ASA Stock Up 0.8 %

Equinor ASA stock traded up $0.22 during midday trading on Thursday, reaching $28.35. The company’s stock had a trading volume of 226,126 shares, compared to its average volume of 3,646,255. The business has a 50-day simple moving average of $26.91 and a 200-day simple moving average of $29.13. The company has a market cap of $88.51 billion, a P/E ratio of 8.71, a P/E/G ratio of 3.36 and a beta of 0.85. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. 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 (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.44). The company had revenue of $29.05 billion for the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. On average, research analysts expect that Equinor ASA will post 3.49 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors 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 30.34%.

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.