Pzena Investment Management LLC Has $698,000 Holdings in Equinor ASA $EQNR

Pzena Investment Management LLC raised its holdings in shares of Equinor ASA (NYSE:EQNR) by 78.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,555 shares of the company’s stock after buying an additional 13,021 shares during the quarter. Pzena Investment Management LLC’s holdings in Equinor ASA were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of EQNR. Global Retirement Partners LLC lifted its holdings in shares of Equinor ASA by 86.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after buying an additional 610 shares during the last quarter. McIlrath & Eck LLC acquired a new position in shares of Equinor ASA during the second quarter worth approximately $36,000. Sound Income Strategies LLC lifted its holdings in shares of Equinor ASA by 119.2% during the fourth quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock worth $48,000 after buying an additional 1,020 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Equinor ASA during the third quarter worth approximately $57,000. Finally, CWM LLC lifted its holdings in shares of Equinor ASA by 20.6% during the fourth quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after buying an additional 522 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $38.85 on Friday. The business has a fifty day simple moving average of $39.02 and a 200 day simple moving average of $30.21. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $114.40 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.15 and a beta of 0.07. Equinor ASA has a one year low of $22.26 and a one year high of $43.46.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The business had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. Sell-side analysts expect that Equinor ASA will post 5.1 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 14th. Equinor ASA’s dividend payout ratio is presently 58.72%.

Analysts Set New Price Targets

EQNR has been the subject of a number of research analyst reports. Weiss Ratings upgraded Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Rothschild & Co Redburn upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target for the company in a report on Tuesday, March 24th. Bank of America lowered Equinor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.20.

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.