American Century Companies Inc. Buys 14,705 Shares of Equinor ASA (NYSE:EQNR)

American Century Companies Inc. increased its stake in Equinor ASA (NYSE:EQNR) by 6.8% during the second quarter, HoldingsChannel reports. The firm owned 230,252 shares of the company’s stock after acquiring an additional 14,705 shares during the period. American Century Companies Inc.’s holdings in Equinor ASA were worth $6,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Equinor ASA by 2,359.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after acquiring an additional 6,507,511 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Equinor ASA by 39.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after acquiring an additional 295,162 shares during the period. Goldman Sachs Group Inc. raised its holdings in Equinor ASA by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after acquiring an additional 285,662 shares during the period. Capital Fund Management S.A. raised its holdings in Equinor ASA by 301.0% during the 4th quarter. Capital Fund Management S.A. now owns 274,743 shares of the company’s stock valued at $8,693,000 after acquiring an additional 206,234 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in Equinor ASA during the 2nd quarter valued at $5,271,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Up 0.6 %

Shares of NYSE:EQNR opened at $25.40 on Wednesday. Equinor ASA has a 52-week low of $24.08 and a 52-week high of $34.73. The firm has a fifty day moving average of $26.25 and a 200 day moving average of $27.17. The firm has a market capitalization of $74.80 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 3.44 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.53.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The company had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same period in the previous year, the business earned $0.74 earnings per share. As a group, research analysts anticipate that Equinor ASA will post 3.33 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

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

Wall Street Analysts Forecast Growth

EQNR has been the topic of a number of analyst reports. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. TD Cowen reduced their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th. Finally, Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $30.50 to $25.80 in a research report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Company 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.