iA Global Asset Management Inc. Acquires 2,790 Shares of Equinor ASA (NYSE:EQNR)

iA Global Asset Management Inc. raised its holdings in Equinor ASA (NYSE:EQNR) by 11.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 28,144 shares of the company’s stock after buying an additional 2,790 shares during the quarter. iA Global Asset Management Inc.’s holdings in Equinor ASA were worth $761,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Folketrygdfondet grew its position in shares of Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock worth $3,415,854,000 after buying an additional 917,330 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Equinor ASA by 2,359.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after purchasing an additional 6,507,511 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Equinor ASA by 4.5% during the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock valued at $104,485,000 after purchasing an additional 166,131 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Equinor ASA by 9.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after purchasing an additional 285,662 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Equinor ASA by 39.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after purchasing an additional 295,162 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 26th. TD Cowen dropped their price target on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.25.

Equinor ASA Stock Down 1.1 %

Equinor ASA stock traded down $0.28 during mid-day trading on Thursday, hitting $26.28. The company had a trading volume of 5,091,020 shares, compared to its average volume of 3,294,868. 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’s 50 day moving average price is $27.60 and its two-hundred day moving average price is $27.35. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The company has a market capitalization of $73.39 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 3.75 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The firm had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts anticipate that Equinor ASA will post 3.39 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th will be paid a $0.35 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 19th. Equinor ASA’s dividend payout ratio is currently 35.60%.

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.