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 company also recently declared a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Thursday, August 12th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, August 11th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.12. Equinor ASA’s dividend payout ratio (DPR) is currently 159.26%.

A number of research analysts have issued reports on the stock. HSBC set a $19.76 price target on shares of Equinor ASA and gave the stock a “hold” rating in a report on Thursday, July 22nd. BNP Paribas cut shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Equinor ASA in a report on Thursday, August 5th. TheStreet upgraded shares of Equinor ASA from a “d+” rating to a “c-” rating in a research note on Monday, May 24th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Equinor ASA in a research note on Monday, July 19th. 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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