Virtu Financial LLC Invests $670,000 in Equinor ASA (NYSE:EQNR)

Virtu Financial LLC acquired a new position in Equinor ASA (NYSE:EQNR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,792 shares of the company’s stock, valued at approximately $670,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in Equinor ASA during the fourth quarter worth $30,000. EverSource Wealth Advisors LLC boosted its holdings in Equinor ASA by 136.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock worth $34,000 after acquiring an additional 629 shares in the last quarter. Avalon Trust Co acquired a new stake in Equinor ASA in the fourth quarter valued at approximately $41,000. GAMMA Investing LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $46,000. Finally, Bogart Wealth LLC raised its position in shares of Equinor ASA by 1,567.8% during the fourth quarter. Bogart Wealth LLC now owns 1,968 shares of the company’s stock worth $62,000 after purchasing an additional 1,850 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.8 %

Shares of NYSE EQNR traded down $0.21 during midday trading on Friday, reaching $26.08. The company had a trading volume of 2,722,840 shares, compared to its average volume of 3,291,006. The firm’s fifty day moving average price is $27.56 and its 200-day moving average price is $27.35. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Equinor ASA has a one year low of $24.44 and a one year high of $34.73. The stock has a market cap of $72.82 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 3.84 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The business had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the prior year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Equinor ASA will post 3.39 earnings per share for the current year.

Equinor ASA Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.35 per share. This represents a dividend yield of 4.1%. The ex-dividend date is Monday, August 19th. Equinor ASA’s dividend payout ratio is 35.60%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TD Cowen lowered their price target on Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA has a consensus rating of “Hold” and an average 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.