Logan Capital Management Inc. Raises Holdings in Equinor ASA $EQNR

Logan Capital Management Inc. lifted its holdings in shares of Equinor ASA (NYSE:EQNR) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 251,463 shares of the company’s stock after purchasing an additional 22,542 shares during the period. Logan Capital Management Inc.’s holdings in Equinor ASA were worth $5,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EQNR. Global Retirement Partners LLC raised its stake in shares of 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 buying an additional 610 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Equinor ASA during the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC raised its stake 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 buying an additional 1,020 shares in the last quarter. New Millennium Group LLC purchased a new position in shares of Equinor ASA during the 3rd quarter worth approximately $57,000. Finally, CWM LLC raised its stake 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 buying an additional 522 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $36.72 on Friday. The business’s fifty day moving average price is $38.45 and its two-hundred day moving average price is $31.56. The stock has a market cap of $108.13 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.08 and a beta of 0.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.12 and a current ratio of 1.24. Equinor ASA has a one year low of $22.26 and a one year high of $43.46.

Equinor ASA (NYSE:EQNR) last announced 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 firm had revenue of $28.40 billion for the quarter, compared to analysts’ expectations of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. On average, analysts forecast that Equinor ASA will post 5.22 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, August 14th. Equinor ASA’s dividend payout ratio is 58.72%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Friday, March 20th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Rothschild & Co Redburn upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.20.

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.