Corient Private Wealth LP Purchases 13,535 Shares of Equinor ASA $EQNR

Corient Private Wealth LP lifted its position in Equinor ASA (NYSE:EQNR) by 26.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,109 shares of the company’s stock after buying an additional 13,535 shares during the quarter. Corient Private Wealth LP’s holdings in Equinor ASA were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after acquiring an additional 1,202 shares during the period. Global Retirement Partners LLC lifted its position in Equinor ASA by 86.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after acquiring an additional 610 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Equinor ASA during the first quarter valued at about $35,000. Eastern Bank bought a new stake in Equinor ASA during the second quarter valued at about $35,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Equinor ASA in the second quarter valued at about $36,000. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Down 1.5%

Shares of EQNR opened at $43.59 on Thursday. The stock has a market cap of $104.21 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.92 and a beta of 0.03. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $44.33. The company has a 50-day moving average price of $38.31 and a two-hundred day moving average price of $37.06.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). The firm had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. Equities analysts predict that Equinor ASA will post 4.92 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.6%. Equinor ASA’s payout ratio is currently 34.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EQNR shares. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upgraded Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. TD Cowen raised their target price on Equinor ASA from $37.00 to $38.00 and gave the company a “hold” rating in a report on Friday, July 24th. Weiss Ratings raised Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.20.

About Equinor ASA

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.