Equinor ASA (NYSE:EQNR) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Equinor ASA (NYSE:EQNR) by 52.7% in the second quarter, Holdings Channel reports. The fund owned 69,718 shares of the company’s stock after purchasing an additional 24,052 shares during the period. Cetera Investment Advisers’ holdings in Equinor ASA were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atwood & Palmer Inc. purchased a new position in shares of Equinor ASA in the second quarter valued at $25,000. Rothschild Investment LLC purchased a new stake in shares of Equinor ASA during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Equinor ASA in the second quarter worth $51,000. Finally, GAMMA Investing LLC lifted its stake in shares of Equinor ASA by 44.8% during the second quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock worth $61,000 after purchasing an additional 663 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Trading Up 0.5 %

Shares of EQNR opened at $25.54 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $75.21 billion, a P/E ratio of 7.91, a P/E/G ratio of 2.35 and a beta of 0.83. Equinor ASA has a 1-year low of $24.02 and a 1-year high of $34.73. The business’s 50-day moving average price is $26.06 and its 200 day moving average price is $27.09.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The company had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. Analysts expect that Equinor ASA will post 3.32 earnings per share for the current year.

Equinor ASA Cuts Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 4.1%. Equinor ASA’s dividend payout ratio (DPR) is presently 43.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EQNR. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Barclays raised shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen dropped their target price on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and a consensus target price of $26.90.

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.