Equinor ASA (NYSE:EQNR) Shares Acquired by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. lifted its holdings in shares of Equinor ASA (NYSE:EQNR) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 383,620 shares of the company’s stock after buying an additional 30,700 shares during the period. Equinor ASA makes up approximately 2.8% of Keating Investment Counselors Inc.’s holdings, making the stock its 15th largest position. Keating Investment Counselors Inc.’s holdings in Equinor ASA were worth $5,394,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in Equinor ASA by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 30,476 shares of the company’s stock valued at $441,000 after purchasing an additional 1,257 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in shares of Equinor ASA by 12.8% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 16,874 shares of the company’s stock valued at $237,000 after acquiring an additional 1,912 shares during the period. RMR Wealth Builders acquired a new stake in shares of Equinor ASA during the 2nd quarter valued at approximately $29,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Equinor ASA during the 2nd quarter valued at approximately $35,000. Finally, Comerica Bank lifted its position in shares of Equinor ASA by 1.3% during the 2nd quarter. Comerica Bank now owns 262,852 shares of the company’s stock valued at $3,987,000 after acquiring an additional 3,259 shares during the period. Hedge funds and other institutional investors own 6.47% of the company’s stock.

A number of research firms have recently issued reports on EQNR. CSFB reiterated an “outperform” rating on shares of Equinor ASA in a research report on Thursday, October 8th. Zacks Investment Research downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, July 16th. Societe Generale upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, July 31st. TheStreet downgraded shares of Equinor ASA from a “c” rating to a “d+” rating in a research report on Friday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Equinor ASA in a research note on Wednesday, October 7th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Equinor ASA presently has an average rating of “Hold” and a consensus price target of $17.00.

EQNR stock traded down $0.57 during midday trading on Monday, hitting $13.60. The stock had a trading volume of 239,893 shares, compared to its average volume of 4,103,812. The firm has a market cap of $47.31 billion, a PE ratio of -19.86, a price-to-earnings-growth ratio of 4.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 1.57. Equinor ASA has a 12-month low of $8.41 and a 12-month high of $21.04. The company’s 50-day moving average price is $14.81 and its 200 day moving average price is $14.72.

Equinor ASA (NYSE:EQNR) last released its earnings results on Friday, July 24th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.32. The firm had revenue of $7.60 billion during the quarter. Equinor ASA had a negative net margin of 4.30% and a positive return on equity of 9.01%. As a group, sell-side analysts anticipate that Equinor ASA will post 0.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 13th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.36 annualized dividend and a yield of 2.65%. Equinor ASA’s payout ratio is currently 16.89%.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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