Equinor ASA $EQNR Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Equinor ASA by 4.2% in Q1, now owning 270,336 shares valued at approximately $7.15 million.
• Equinor ASA's quarterly earnings missed analysts' expectations, reporting $0.64 EPS against a consensus of $0.66 and a revenue of $25.12 billion, exceeding estimates of $23.88 billion.
• The company declared a $0.304 dividend to be paid on August 29th, representing a yield of 496.0% with a payout ratio of 40.53%.

American Century Companies Inc. lifted its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,336 shares of the company's stock after buying an additional 10,830 shares during the period. American Century Companies Inc.'s holdings in Equinor ASA were worth $7,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Voloridge Investment Management LLC lifted its position in Equinor ASA by 958.7% during the fourth quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after purchasing an additional 1,310,812 shares during the period. Citigroup Inc. lifted its position in Equinor ASA by 8,986.2% during the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company's stock valued at $33,329,000 after purchasing an additional 1,246,203 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Equinor ASA by 771.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock valued at $24,061,000 after purchasing an additional 899,157 shares during the period. SIR Capital Management L.P. acquired a new position in Equinor ASA during the fourth quarter valued at $10,786,000. Finally, Northern Trust Corp lifted its position in Equinor ASA by 63.8% during the fourth quarter. Northern Trust Corp now owns 851,312 shares of the company's stock valued at $20,168,000 after purchasing an additional 331,684 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

NYSE EQNR traded up $0.18 during trading hours on Tuesday, hitting $24.79. 2,530,414 shares of the company's stock traded hands, compared to its average volume of 3,522,615. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $28.26. The company has a market capitalization of $73.00 billion, a PE ratio of 8.24, a PEG ratio of 0.84 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37. The firm's 50-day moving average is $25.29 and its 200-day moving average is $24.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion for the quarter, compared to analysts' expectations of $23.88 billion. Equities analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EQNR. Barclays downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. cut shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a research note on Tuesday, August 12th. Kepler Capital Markets cut shares of Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday, May 20th. UBS Group cut shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Finally, Berenberg Bank cut shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price for the company. in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $22.71.

Equinor ASA 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.