ICONIQ Capital LLC Purchases 994 Shares of Equinor ASA $EQNR

ICONIQ Capital LLC boosted its position in Equinor ASA (NYSE:EQNR) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,189 shares of the company’s stock after buying an additional 994 shares during the quarter. ICONIQ Capital LLC’s holdings in Equinor ASA were worth $296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of Equinor ASA by 725.4% in the first quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock valued at $26,000 after purchasing an additional 856 shares during the last quarter. Montag A & Associates Inc. acquired a new position in shares of Equinor ASA during the 1st quarter worth about $53,000. Wayfinding Financial LLC bought a new stake in Equinor ASA during the 1st quarter valued at approximately $54,000. Headlands Technologies LLC acquired a new stake in Equinor ASA in the 1st quarter valued at approximately $57,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Equinor ASA by 34.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company’s stock valued at $58,000 after buying an additional 556 shares during 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 recently commented on the company. Morgan Stanley lowered Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target for the company. in a report on Monday, May 12th. TD Cowen cut their target price on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, May 2nd. Barclays lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Berenberg Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price objective on the stock. in a report on Tuesday, May 20th. Finally, UBS Group cut shares of Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Equinor ASA has an average rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Stock Down 0.9%

Shares of EQNR opened at $24.95 on Tuesday. The stock has a market cap of $73.47 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of 0.86 and a beta of 0.59. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26. The company has a 50-day moving average price of $25.60 and a two-hundred day moving average price of $24.48.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The company had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equities analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th will be given a $0.304 dividend. This represents a yield of 496.0%. The ex-dividend date is Tuesday, August 19th. Equinor ASA’s dividend payout ratio is 40.53%.

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.