Quantinno Capital Management LP Buys 11,482 Shares of Equinor ASA (NYSE:EQNR)

Quantinno Capital Management LP raised its stake in Equinor ASA (NYSE:EQNR - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,013 shares of the company's stock after buying an additional 11,482 shares during the quarter. Quantinno Capital Management LP's holdings in Equinor ASA were worth $1,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA during the 4th quarter valued at about $33,000. GeoWealth Management LLC raised 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 valued at $33,000 after acquiring an additional 985 shares in the last quarter. Synergy Asset Management LLC bought a new position in Equinor ASA during the fourth quarter valued at approximately $36,000. R Squared Ltd acquired a new stake in Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Bessemer Group Inc. grew its position in 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. Hedge funds and other institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EQNR shares. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a 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. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a report on Wednesday, May 7th. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Hsbc Global Res raised Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.71.

Equinor ASA Stock Performance

Shares of NYSE:EQNR traded down $0.34 during midday trading on Wednesday, hitting $23.96. The company's stock had a trading volume of 975,383 shares, compared to its average volume of 3,578,642. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The stock's 50 day simple moving average is $23.74 and its 200 day simple moving average is $23.79. The stock has a market capitalization of $66.90 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.58 and a beta of 0.58. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its 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). The business had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, research analysts anticipate 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 of this dividend is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.08%. Equinor ASA's payout ratio is 46.84%.

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.