HighTower Advisors LLC Lowers Holdings in Equinor ASA $EQNR

HighTower Advisors LLC lessened its stake in Equinor ASA (NYSE:EQNR) by 66.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 113,255 shares of the company’s stock after selling 224,496 shares during the quarter. HighTower Advisors LLC’s holdings in Equinor ASA were worth $2,676,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EQNR. Mirabella Financial Services LLP purchased a new position in shares of Equinor ASA in the 3rd quarter worth about $730,757,000. Bank of America Corp DE raised its position in shares of Equinor ASA by 30.2% in the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock worth $384,227,000 after purchasing an additional 3,659,611 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Equinor ASA by 1,437.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock worth $55,741,000 after purchasing an additional 2,137,642 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Equinor ASA in the 3rd quarter worth about $21,366,000. Finally, Optiver Holding B.V. raised its position in shares of Equinor ASA by 38,151.0% in the 3rd quarter. Optiver Holding B.V. now owns 511,799 shares of the company’s stock worth $12,478,000 after purchasing an additional 510,461 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

EQNR has been the subject of several recent analyst reports. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Friday, March 20th. Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Bank of America lowered Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.20.

Equinor ASA Trading Down 0.1%

Equinor ASA stock opened at $35.97 on Monday. The business has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $30.71. The company has a market cap of $105.93 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.07 and a beta of 0.03. Equinor ASA has a 52-week low of $22.26 and a 52-week high of $43.46. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The business had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. Analysts predict that Equinor ASA will post 5.1 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 14th. Equinor ASA’s payout ratio is currently 58.72%.

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.