95,813 Shares in Equinor ASA (NYSE:EQNR) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Equinor ASA (NYSE:EQNR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95,813 shares of the company's stock, valued at approximately $2,270,000.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock worth $386,000 after purchasing an additional 487 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock worth $123,000 after buying an additional 505 shares during the period. Gallacher Capital Management LLC grew its stake in Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after buying an additional 518 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock worth $146,000 after acquiring an additional 593 shares during the period. Finally, GeoWealth Management LLC lifted its position in Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after acquiring an additional 985 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.29 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock's fifty day simple moving average is $23.82 and its 200 day simple moving average is $23.86. Equinor ASA has a one year low of $21.41 and a one year high of $29.32. The firm has a market cap of $65.04 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its 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 analyst estimates of $27.16 billion. Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. On average, analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's payout ratio is currently 38.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EQNR. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley decreased their price target on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

Equinor ASA Company 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.

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