Raymond James Financial Inc. acquired a new stake in Equinor ASA (NYSE:EQNR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 38,388 shares of the company's stock, valued at approximately $909,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in EQNR. Folketrygdfondet grew its holdings in shares of Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Equinor ASA by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock worth $98,340,000 after buying an additional 399,861 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of Equinor ASA by 975.0% in the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock valued at $19,961,000 after acquiring an additional 764,204 shares during the last quarter. Fisher Asset Management LLC grew its position in Equinor ASA by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after acquiring an additional 34,720 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in Equinor ASA by 0.4% in the fourth quarter. OLD Mission Capital LLC now owns 475,326 shares of the company's stock valued at $11,260,000 after purchasing an additional 1,722 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.
Equinor ASA Price Performance
NYSE EQNR opened at $23.12 on Tuesday. Equinor ASA has a one year low of $21.41 and a one year high of $29.32. The stock has a 50-day moving average of $23.83 and a 200 day moving average of $23.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The company has a market capitalization of $64.56 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 0.58 and a beta of 0.58.
Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The firm had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current year.
Equinor ASA Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be given a $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.26%. Equinor ASA's dividend payout ratio is currently 38.29%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on EQNR shares. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. DZ Bank raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.
View Our Latest Analysis on Equinor ASA
About Equinor ASA
(
Free Report)
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.
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