Equinor ASA (NYSE:EQNR) Shares Bought by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,121,392 shares of the company's stock after purchasing an additional 188,709 shares during the quarter. Bank of America Corp DE owned about 0.15% of Equinor ASA worth $97,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GeoWealth Management LLC grew its position in Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after buying an additional 985 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter worth approximately $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter worth approximately $36,000. R Squared Ltd purchased a new position in Equinor ASA in the 4th quarter valued at approximately $48,000. Finally, Bessemer Group Inc. boosted its position in Equinor ASA by 1,009.8% during the fourth 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 owned by institutional investors and hedge funds.

Equinor ASA Price Performance

EQNR stock opened at $23.01 on Friday. The stock's fifty day simple moving average is $23.84 and its 200-day simple moving average is $23.81. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.32. The stock has a market capitalization of $64.26 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 20.33% and a net margin of 8.49%. The company had revenue of $27.14 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equities research analysts expect that Equinor ASA will post 3.46 EPS 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 dividend of $0.304 per share. 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 is presently 38.29%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada cut Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Redburn Atlantic cut Equinor ASA from a "buy" rating to a "sell" rating in a report on Wednesday, April 23rd. Three investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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