Barclays PLC Takes Position in Equinor ASA (NYSE:EQNR)

Barclays PLC bought a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 47,264 shares of the company's stock, valued at approximately $1,120,000.

A number of other large investors have also recently bought and sold shares of the stock. Manchester Capital Management LLC acquired a new stake in Equinor ASA during the 4th quarter valued at $33,000. Synergy Asset Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at about $36,000. R Squared Ltd acquired a new position in Equinor ASA during the 4th quarter worth about $48,000. Bessemer Group Inc. increased its position in Equinor ASA by 1,009.8% in the 4th quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock valued at $60,000 after acquiring an additional 2,272 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Equinor ASA in the fourth quarter worth about $61,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Down 1.6 %

Shares of NYSE:EQNR traded down $0.37 during trading on Wednesday, hitting $22.90. 3,627,164 shares of the company's stock traded hands, compared to its average volume of 3,539,104. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $23.84 and a 200-day moving average price of $23.84. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The company has a market cap of $63.97 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate of $0.83 by ($0.17). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The company had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. As a group, research analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Friday, May 16th. Equinor ASA's dividend payout ratio is 38.29%.

Analysts Set New Price Targets

EQNR has been the subject of a number of research reports. Danske raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. TD Cowen dropped their price objective on Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a report on Friday, May 2nd. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley reduced their price objective on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Equinor ASA presently has an average 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.