Choreo LLC Invests $279,000 in Equinor ASA (NYSE:EQNR)

Choreo LLC acquired a new position in Equinor ASA (NYSE:EQNR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,699 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds have also recently made changes to their positions in the business. Milestone Asset Management LLC purchased a new position in Equinor ASA during the 2nd quarter valued at approximately $794,000. CIBC Private Wealth Group LLC grew 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 buying an additional 295,162 shares in the last quarter. US Bancorp DE grew its holdings in Equinor ASA by 228.5% during the 1st quarter. US Bancorp DE now owns 161,639 shares of the company’s stock valued at $4,369,000 after buying an additional 112,438 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in Equinor ASA during the 4th quarter valued at approximately $1,317,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in Equinor ASA by 90.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock valued at $1,205,000 after buying an additional 21,130 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

NYSE:EQNR opened at $25.12 on Thursday. The firm has a market capitalization of $73.97 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 3.39 and a beta of 0.83. Equinor ASA has a 1 year low of $24.08 and a 1 year high of $34.73. The business has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $27.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.43.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same period last year, the company earned $0.74 EPS. Equities analysts forecast that Equinor ASA will post 3.33 EPS for the current year.

Equinor ASA Cuts Dividend

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

Analysts Set New Price Targets

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