Mather Group LLC. Grows Stock Holdings in Equinor ASA (NYSE:EQNR)

Mather Group LLC. increased its position in shares of Equinor ASA (NYSE:EQNR) by 36.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,036 shares of the company’s stock after purchasing an additional 6,378 shares during the period. Mather Group LLC.’s holdings in Equinor ASA were worth $650,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EQNR. Folketrygdfondet raised its holdings in Equinor ASA by 0.9% during the fourth quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock worth $3,415,854,000 after purchasing an additional 917,330 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $183,354,000 after acquiring an additional 6,507,511 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Equinor ASA by 4.5% during the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after purchasing an additional 166,131 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 valued at $108,596,000 after purchasing an additional 285,662 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position 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 valued at $33,105,000 after purchasing an additional 295,162 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Equinor ASA stock traded up $0.30 during mid-day trading on Tuesday, reaching $25.73. 2,768,193 shares of the company were exchanged, compared to its average volume of 3,289,030. The firm has a market cap of $71.86 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 3.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.53. The firm’s 50-day simple moving average is $27.46 and its two-hundred day simple moving average is $27.27. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $25.54 billion for 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 period last year, the firm posted $0.74 EPS. Equities analysts predict that Equinor ASA will post 3.39 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, August 28th. Investors of record on Monday, August 19th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a yield of 4.1%. Equinor ASA’s payout ratio is currently 35.60%.

Analysts Set New Price Targets

Several research firms have commented on EQNR. TD Cowen cut their price target on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

About Equinor ASA

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.