Hsbc Holdings PLC Buys New Stake in Equinor ASA $EQNR

Hsbc Holdings PLC bought a new stake in Equinor ASA (NYSE:EQNR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of Equinor ASA by 2.7% during the 4th quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock valued at $351,000 after purchasing an additional 389 shares during the last quarter. National Bank of Canada FI grew its stake in Equinor ASA by 1.1% during the 3rd quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock worth $952,000 after buying an additional 437 shares during the last quarter. GAMMA Investing LLC grew its stake in Equinor ASA by 7.8% during the 4th quarter. GAMMA Investing LLC now owns 6,148 shares of the company’s stock worth $145,000 after buying an additional 445 shares during the last quarter. TD Asset Management Inc increased its position in Equinor ASA by 5.4% during the 4th quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock valued at $229,000 after buying an additional 501 shares in the last quarter. Finally, CWM LLC increased its position in Equinor ASA by 20.6% during the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock valued at $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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQNR. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen cut their price objective on shares of Equinor ASA from $42.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, June 29th. Pareto Securities lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Weiss Ratings upgraded shares of Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.70.

Equinor ASA Stock Down 0.7%

Shares of EQNR stock opened at $35.63 on Friday. The stock’s 50-day simple moving average is $35.61 and its 200-day simple moving average is $33.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.12 and a current ratio of 1.24. The firm has a market capitalization of $104.92 billion, a PE ratio of 16.34, a P/E/G ratio of 2.32 and a beta of 0.06. Equinor ASA has a fifty-two week low of $22.26 and a fifty-two week high of $43.46.

Equinor ASA (NYSE:EQNR) last released its earnings results 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 return on equity of 20.01% and a net margin of 5.30%.The firm had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equities analysts expect that Equinor ASA will post 4.8 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be given 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 4.4%. Equinor ASA’s dividend payout ratio (DPR) is currently 58.72%.

About Equinor ASA

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.