Van ECK Associates Corp Boosts Holdings in Equinor ASA (NYSE:EQNR)

Van ECK Associates Corp boosted its position in shares of Equinor ASA (NYSE:EQNR) by 118.5% in the second quarter, HoldingsChannel reports. The fund owned 2,107,710 shares of the company’s stock after purchasing an additional 1,143,210 shares during the quarter. Van ECK Associates Corp’s holdings in Equinor ASA were worth $44,683,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its position in Equinor ASA by 11.4% during the first quarter. Quadrant Capital Group LLC now owns 5,020 shares of the company’s stock valued at $98,000 after acquiring an additional 514 shares during the last quarter. Boston Private Wealth LLC raised its holdings in shares of Equinor ASA by 5.0% in the first quarter. Boston Private Wealth LLC now owns 11,261 shares of the company’s stock worth $219,000 after buying an additional 532 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Equinor ASA by 5.3% in the second quarter. Raymond James Trust N.A. now owns 11,441 shares of the company’s stock worth $243,000 after buying an additional 575 shares during the last quarter. Huntington National Bank raised its holdings in shares of Equinor ASA by 68.7% in the second quarter. Huntington National Bank now owns 1,451 shares of the company’s stock worth $31,000 after buying an additional 591 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Equinor ASA by 2.5% in the second quarter. Checchi Capital Advisers LLC now owns 25,237 shares of the company’s stock worth $535,000 after buying an additional 627 shares during the last quarter. 5.40% of the stock is owned by institutional investors.

EQNR stock opened at $23.29 on Wednesday. The firm has a market cap of $75.61 billion, a PE ratio of -101.26, a P/E/G ratio of 0.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.59 and a current ratio of 1.70. The firm’s fifty day moving average is $20.78 and its 200 day moving average is $20.76. Equinor ASA has a one year low of $12.11 and a one year high of $23.63.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, July 28th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Equinor ASA had a negative net margin of 1.34% and a positive return on equity of 11.24%. Research analysts predict that Equinor ASA will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Thursday, August 12th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.09%. This is an increase from Equinor ASA’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Wednesday, August 11th. Equinor ASA’s dividend payout ratio (DPR) is presently 159.26%.

A number of research analysts have issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating on shares of Equinor ASA in a report on Friday, June 25th. MKM Partners assumed coverage on shares of Equinor ASA in a report on Wednesday, August 25th. They issued a “buy” rating and a $34.00 price target for the company. Societe Generale reaffirmed a “buy” rating on shares of Equinor ASA in a report on Tuesday, August 3rd. Danske lowered shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 16th. Finally, Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a research note on Tuesday, June 1st. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.69.

About Equinor ASA

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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