D. E. Shaw & Co. Inc. boosted its position in Equinor ASA (NYSE:EQNR - Free Report) by 771.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,015,657 shares of the company's stock after purchasing an additional 899,157 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Equinor ASA were worth $24,061,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Equinor ASA by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company's stock valued at $2,388,000 after acquiring an additional 9,512 shares during the period. Aprio Wealth Management LLC bought a new position in shares of Equinor ASA during the fourth quarter valued at approximately $317,000. Ritholtz Wealth Management lifted its holdings in shares of Equinor ASA by 60.1% during the fourth quarter. Ritholtz Wealth Management now owns 157,810 shares of the company's stock valued at $3,739,000 after purchasing an additional 59,254 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Equinor ASA in the 4th quarter worth approximately $61,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Equinor ASA in the 4th quarter worth approximately $245,000. Hedge funds and other institutional investors own 5.51% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on EQNR shares. TD Cowen dropped their target price on Equinor ASA from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. Morgan Stanley dropped 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 note on Monday, March 17th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Danske raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $23.60.
Check Out Our Latest Report on EQNR
Equinor ASA Stock Performance
EQNR stock opened at $23.01 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. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32. The company has a market cap of $64.26 billion, a P/E ratio of 7.40, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The stock's fifty day moving average price is $23.84 and its 200-day moving average price is $23.81.
Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $27.14 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, equities analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.
Equinor ASA Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be paid a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.28%. Equinor ASA's dividend payout ratio (DPR) is 38.29%.
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.
See Also
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