52,581 Shares in Equinor ASA (NYSE:EQNR) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new position in shares of Equinor ASA (NYSE:EQNR) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 52,581 shares of the company’s stock, valued at approximately $1,502,000.

A number of other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after buying an additional 6,507,511 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Equinor ASA by 39.3% in 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 last quarter. Goldman Sachs Group Inc. lifted its stake in Equinor ASA by 9.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after purchasing an additional 285,662 shares in the last quarter. Capital Fund Management S.A. boosted its holdings in shares of Equinor ASA by 301.0% during the 4th quarter. Capital Fund Management S.A. now owns 274,743 shares of the company’s stock worth $8,693,000 after purchasing an additional 206,234 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Equinor ASA in the second quarter valued at approximately $5,271,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EQNR shares. TD Cowen reduced their price objective 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. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $30.50 to $25.80 in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.90.

Equinor ASA Price Performance

Equinor ASA stock opened at $24.86 on Monday. The company’s 50 day simple moving average is $26.32 and its 200-day simple moving average is $27.18. 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 has a 1 year low of $24.08 and a 1 year high of $34.73. The company has a market capitalization of $73.21 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 3.44 and a beta of 0.83.

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, beating 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 company had revenue of $25.54 billion for the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. As a group, equities research analysts expect that Equinor ASA will post 3.33 earnings per share for the current year.

Equinor ASA Cuts Dividend

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

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.