Vanguard Personalized Indexing Management LLC Acquires 5,680 Shares of Equinor ASA (NYSE:EQNR)

Vanguard Personalized Indexing Management LLC boosted its holdings in Equinor ASA (NYSE:EQNR) by 21.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,709 shares of the company’s stock after purchasing an additional 5,680 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Equinor ASA were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Milestone Asset Management LLC bought a new stake in shares of Equinor ASA in the 2nd quarter valued at about $794,000. CIBC Private Wealth Group LLC lifted its position in Equinor ASA by 39.3% in 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 during the last quarter. US Bancorp DE boosted its stake in shares of Equinor ASA by 228.5% during the first quarter. US Bancorp DE now owns 161,639 shares of the company’s stock valued at $4,369,000 after purchasing an additional 112,438 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Equinor ASA in the fourth quarter worth approximately $1,317,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Equinor ASA by 90.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock worth $1,205,000 after buying an additional 21,130 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Equinor ASA Price Performance

EQNR stock opened at $25.26 on Tuesday. The firm has a 50-day moving average of $26.28 and a 200 day 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. The company has a market cap of $74.38 billion, a P/E ratio of 7.82, a PEG ratio of 3.44 and a beta of 0.83. Equinor ASA has a 1 year low of $24.08 and a 1 year high of $34.73.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. During the same quarter last year, the business posted $0.74 EPS. On average, sell-side analysts forecast that Equinor ASA will post 3.33 EPS for the current year.

Equinor ASA Cuts Dividend

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