Vident Advisory LLC Has $2.91 Million Holdings in Equinor ASA (NYSE:EQNR)

Vident Advisory LLC lifted its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 63.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,016 shares of the company's stock after purchasing an additional 47,808 shares during the period. Vident Advisory LLC's holdings in Equinor ASA were worth $2,914,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EQNR. Manchester Capital Management LLC acquired a new position in shares of Equinor ASA in the 4th quarter worth approximately $33,000. GeoWealth Management LLC increased its position in shares of Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after acquiring an additional 985 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of Equinor ASA in the fourth quarter worth approximately $36,000. R Squared Ltd purchased a new position in shares of Equinor ASA in the fourth quarter worth approximately $48,000. Finally, Bessemer Group Inc. increased its position in shares of Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock worth $60,000 after acquiring an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Stock Up 1.8%

Shares of NYSE:EQNR traded up $0.43 during trading on Tuesday, reaching $24.25. 1,345,429 shares of the company traded hands, compared to its average volume of 4,233,517. The firm has a fifty day simple moving average of $23.76 and a 200 day simple moving average of $23.79. The firm has a market cap of $67.71 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.32. 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 issued its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The company had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors 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 5.02%. The ex-dividend date is Friday, May 16th. Equinor ASA's payout ratio is presently 46.84%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price on the stock. in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Finally, Barclays cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.