Creative Planning Purchases 15,419 Shares of Equinor ASA (NYSE:EQNR)

Creative Planning grew its holdings in Equinor ASA (NYSE:EQNR) by 39.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,888 shares of the company’s stock after purchasing an additional 15,419 shares during the quarter. Creative Planning’s holdings in Equinor ASA were worth $1,568,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EQNR. Atwood & Palmer Inc. bought a new position in Equinor ASA in the second quarter valued at approximately $25,000. Rothschild Investment LLC bought a new position in shares of Equinor ASA in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Equinor ASA during the second quarter worth $51,000. Finally, GAMMA Investing LLC increased its holdings in Equinor ASA by 44.8% in the second quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock valued at $61,000 after purchasing an additional 663 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EQNR shares. Barclays upgraded Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. TD Cowen decreased their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. Finally, Morgan Stanley downgraded Equinor ASA from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $30.50 to $25.80 in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Stock Down 3.5 %

Equinor ASA stock opened at $25.38 on Wednesday. The company has a 50 day moving average of $26.13 and a 200-day moving average of $27.13. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Equinor ASA has a twelve month low of $24.02 and a twelve month high of $34.73. The stock has a market capitalization of $74.74 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 3.67 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 for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The firm had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same period in the prior year, the business earned $0.74 EPS. On average, equities research analysts anticipate that Equinor ASA will post 3.3 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

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

About Equinor ASA

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.