Hexagon Capital Partners LLC Purchases 2,942 Shares of Equinor ASA (NYSE:EQNR)

Hexagon Capital Partners LLC raised its stake in Equinor ASA (NYSE:EQNR) by 53.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,492 shares of the company’s stock after purchasing an additional 2,942 shares during the period. Hexagon Capital Partners LLC’s holdings in Equinor ASA were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Folketrygdfondet boosted its holdings in Equinor ASA by 0.9% in the 4th 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 during the period. Price T Rowe Associates Inc. MD boosted its holdings in Equinor ASA by 2,359.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after purchasing an additional 6,507,511 shares during the period. Earnest Partners LLC boosted its holdings in Equinor ASA by 4.5% in the 1st quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock valued at $104,485,000 after purchasing an additional 166,131 shares during the period. Goldman Sachs Group Inc. raised 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 valued at $108,596,000 after buying an additional 285,662 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised 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 valued at $33,105,000 after buying an additional 295,162 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EQNR. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, TD Cowen dropped 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 note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Price Performance

NYSE:EQNR traded up $0.28 during mid-day trading on Friday, reaching $27.53. 3,648,996 shares of the company were exchanged, compared to its average volume of 3,293,927. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The company has a fifty day moving average of $27.30 and a 200 day moving average of $27.24. 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 stock has a market cap of $76.89 billion, a PE ratio of 8.52, a PEG ratio of 3.72 and a beta of 0.84.

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

Equinor ASA Cuts Dividend

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

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.