Public Employees Retirement System of Ohio Takes $8.74 Million Position in Equinor ASA $EQNR

Public Employees Retirement System of Ohio bought a new position in shares of Equinor ASA (NYSE:EQNR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 207,224 shares of the company’s stock, valued at approximately $8,745,000.

Several other institutional investors have also modified their holdings of EQNR. Blair William & Co. IL increased its holdings in Equinor ASA by 2.7% during the 4th quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock worth $351,000 after purchasing an additional 389 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Equinor ASA by 1.1% in the third quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock worth $952,000 after buying an additional 437 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Equinor ASA by 5.4% in the fourth quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock worth $229,000 after buying an additional 501 shares during the last quarter. Inspire Investing LLC raised its holdings in Equinor ASA by 4.5% in the first quarter. Inspire Investing LLC now owns 11,657 shares of the company’s stock valued at $492,000 after acquiring an additional 503 shares in the last quarter. Finally, CWM LLC raised its holdings in Equinor ASA by 20.6% in the fourth quarter. CWM LLC now owns 3,051 shares of the company’s stock valued at $72,000 after acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Royal Bank Of Canada raised shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.20.

Equinor ASA Stock Performance

Shares of EQNR opened at $38.48 on Tuesday. The stock has a market capitalization of $113.32 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.06. The business’s fifty day moving average price is $35.67 and its 200 day moving average price is $34.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 22nd. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). The business had revenue of $34.02 billion for the quarter, compared to the consensus estimate of $34.03 billion. Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. Equities research analysts forecast that Equinor ASA will post 4.85 EPS for the current year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 4.1%. Equinor ASA’s payout ratio is 34.88%.

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.