Hantz Financial Services Inc. Buys 16,758 Shares of Equinor ASA $EQNR

Hantz Financial Services Inc. grew its stake in Equinor ASA (NYSE:EQNR) by 1,043.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,364 shares of the company’s stock after purchasing an additional 16,758 shares during the period. Hantz Financial Services Inc.’s holdings in Equinor ASA were worth $462,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Equinor ASA by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock valued at $100,630,000 after purchasing an additional 572,193 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Equinor ASA in the 1st quarter valued at approximately $2,178,000. Park Avenue Securities LLC bought a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $331,000. Farther Finance Advisors LLC lifted its stake in shares of Equinor ASA by 325.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 28,803 shares of the company’s stock valued at $724,000 after purchasing an additional 22,034 shares during the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Equinor ASA in the 1st quarter valued at approximately $7,459,000. 5.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQNR has been the subject of a number of research analyst reports. DZ Bank lowered Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. Weiss Ratings lowered Equinor ASA from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Finally, Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $22.71.

Equinor ASA Trading Down 0.0%

EQNR opened at $23.97 on Friday. The stock’s fifty day moving average is $24.32 and its two-hundred day moving average is $24.60. The company has a market capitalization of $70.57 billion, a P/E ratio of 11.36, a PEG ratio of 0.87 and a beta of 0.52. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.20). The firm had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Equinor ASA had a return on equity of 14.11% and a net margin of 5.27%. Analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, November 14th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio (DPR) is 57.35%.

About Equinor ASA

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.