Bayesian Capital Management LP Invests $1.10 Million in Equinor ASA (NYSE:EQNR)

Bayesian Capital Management LP purchased a new position in Equinor ASA (NYSE:EQNR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,500 shares of the company's stock, valued at approximately $1,102,000.

A number of other large investors also recently modified their holdings of the company. Manchester Capital Management LLC purchased a new position in Equinor ASA in the 4th quarter worth approximately $33,000. GeoWealth Management LLC increased its stake in Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after acquiring an additional 985 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Equinor ASA during the fourth quarter valued at about $36,000. R Squared Ltd bought a new stake in Equinor ASA during the fourth quarter worth about $48,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Equinor ASA by 1,009.8% in the 4th quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock worth $60,000 after purchasing an additional 2,272 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on EQNR shares. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Royal Bank of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. Redburn Atlantic cut shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, HSBC upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Three equities 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.60.

Equinor ASA Trading Up 1.0 %

EQNR traded up $0.22 during midday trading on Friday, reaching $23.01. 4,999,227 shares of the company's stock traded hands, compared to its average volume of 3,554,158. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. 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 firm has a fifty day moving average of $23.83 and a two-hundred day moving average of $23.83. The stock has a market capitalization of $64.26 billion, a price-to-earnings ratio of 7.40, a P/E/G 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 the consensus estimate of $27.16 billion. On average, equities analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be issued a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a yield of 5.28%. Equinor ASA's dividend payout ratio (DPR) is presently 38.29%.

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.