Keating Investment Counselors Inc. Lowers Stake in Equinor ASA (NYSE:EQNR)

Keating Investment Counselors Inc. decreased its position in Equinor ASA (NYSE:EQNR) by 8.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 297,098 shares of the company’s stock after selling 26,510 shares during the quarter. Equinor ASA makes up 2.7% of Keating Investment Counselors Inc.’s portfolio, making the stock its 7th biggest holding. Keating Investment Counselors Inc.’s holdings in Equinor ASA were worth $8,485,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after buying an additional 6,507,511 shares during the period. Folketrygdfondet grew its holdings in shares of Equinor ASA by 0.9% in the fourth quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock valued at $3,415,854,000 after purchasing an additional 917,330 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Equinor ASA by 39.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock worth $33,105,000 after buying an additional 295,162 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Equinor ASA by 9.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after buying an additional 285,662 shares in the last quarter. Finally, Capital Fund Management S.A. grew its stake in shares of Equinor ASA by 301.0% in the 4th quarter. Capital Fund Management S.A. now owns 274,743 shares of the company’s stock worth $8,693,000 after buying an additional 206,234 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 1.5 %

NYSE EQNR opened at $24.93 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. The firm has a market cap of $69.62 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83. The company has a 50 day moving average price of $26.94 and a 200 day moving average price of $27.18. Equinor ASA has a 52 week low of $24.44 and a 52 week high of $34.73.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, sell-side analysts forecast that Equinor ASA will post 3.38 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently declared a — dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 4.1%. Equinor ASA’s payout ratio is 36.84%.

Analyst Upgrades and Downgrades

EQNR has been the subject of a number of recent research reports. Morgan Stanley cut shares of Equinor ASA from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $30.50 to $25.80 in a research note on Thursday, August 29th. TD Cowen lowered their price objective on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.90.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.