Mirabella Financial Services LLP Invests $7.31 Million in Equinor ASA $EQNR

Mirabella Financial Services LLP bought a new position in Equinor ASA (NYSE:EQNR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 300,000 shares of the company’s stock, valued at approximately $7,314,000.

A number of other institutional investors have also recently bought and sold shares of EQNR. JPMorgan Chase & Co. boosted its holdings in shares of Equinor ASA by 1,437.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Equinor ASA by 2.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock worth $44,550,000 after buying an additional 39,524 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Equinor ASA by 30.5% during the 2nd quarter. Cetera Investment Advisers now owns 108,633 shares of the company’s stock worth $2,731,000 after buying an additional 25,361 shares during the last quarter. ABC Arbitrage SA raised its position in shares of Equinor ASA by 100.8% in the 3rd quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock worth $12,569,000 after buying an additional 258,767 shares during the period. Finally, Caprock Group LLC acquired a new position in Equinor ASA in the third quarter valued at $2,515,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQNR has been the subject of a number of research reports. Bank of America downgraded Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Zacks Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Jefferies Financial Group assumed coverage on shares of Equinor ASA in a research report on Thursday, January 8th. They set a “hold” rating for the company. Finally, TD Cowen raised their price target on shares of Equinor ASA from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $24.71.

Equinor ASA Stock Up 5.0%

Shares of NYSE EQNR opened at $40.46 on Friday. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $42.06. The company has a market cap of $119.13 billion, a P/E ratio of 21.29, a P/E/G ratio of 4.38 and a beta of 0.35. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $28.91 and a 200 day moving average price of $25.58.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%.The company had revenue of $25.30 billion for the quarter, compared to analysts’ expectations of $21.31 billion. Research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, May 15th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. Equinor ASA’s dividend payout ratio (DPR) is 64.21%.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.