John G Ullman & Associates Inc. Has $3.04 Million Stock Holdings in Equinor ASA $EQNR

John G Ullman & Associates Inc. grew its holdings in Equinor ASA (NYSE:EQNR) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,809 shares of the company’s stock after buying an additional 47,650 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Equinor ASA were worth $3,044,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new position in shares of Equinor ASA in the 2nd quarter valued at $36,000. Sound Income Strategies LLC increased its position in shares of Equinor ASA by 119.2% during the 4th quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after purchasing an additional 1,020 shares in the last quarter. New Millennium Group LLC acquired a new stake in shares of Equinor ASA during the 3rd quarter worth about $57,000. CWM LLC increased its position in shares of Equinor ASA by 20.6% during the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after purchasing an additional 522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Equinor ASA by 172.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,174 shares of the company’s stock worth $77,000 after purchasing an additional 2,011 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 2.5%

Shares of NYSE:EQNR opened at $39.48 on Friday. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $43.46. The company’s 50-day moving average price is $38.36 and its two-hundred day moving average price is $29.67. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57. The firm has a market cap of $116.27 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.19 and a beta of 0.07.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. The firm had revenue of $28.40 billion for the quarter, compared to analyst estimates of $28.73 billion. As a group, research analysts forecast that Equinor ASA will post 5.02 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 4.0%. Equinor ASA’s dividend payout ratio is currently 55.96%.

Wall Street Analyst Weigh In

EQNR has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Friday, March 20th. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Rothschild & Co Redburn upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price for the company in a research report on Tuesday, March 24th. Finally, TD Cowen increased their target price on shares of Equinor ASA from $38.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.61.

Equinor ASA 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.