Jump Financial LLC Makes New $2.18 Million Investment in Equinor ASA $EQNR

Key Points

• Jump Financial LLC has made a new investment of approximately $2.18 million in Equinor ASA, acquiring 82,326 shares in the first quarter.
• Several institutional investors have significantly increased their stakes in Equinor ASA, with Citigroup Inc. and Voloridge Investment Management LLC raising their positions by 8,986.2% and 958.7%, respectively.
• Equinor ASA recently reported $0.64 EPS, missing estimates, and announced a dividend yield of 496.0% with a payout ratio of 40.53% for its upcoming payment.

Jump Financial LLC bought a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 82,326 shares of the company's stock, valued at approximately $2,178,000.

A number of other large investors have also made changes to their positions in EQNR. Voloridge Investment Management LLC raised its position in shares of 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 buying an additional 1,310,812 shares during the last quarter. Citigroup Inc. grew its stake in shares of 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 last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of 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 last quarter. SIR Capital Management L.P. acquired a new position in Equinor ASA in the fourth quarter valued at approximately $10,786,000. Finally, Northern Trust Corp lifted its holdings in Equinor ASA by 63.8% in the fourth quarter. Northern Trust Corp now owns 851,312 shares of the company's stock valued at $20,168,000 after buying an additional 331,684 shares during the period. Institutional investors and hedge funds own 5.51% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQNR. Berenberg Bank lowered shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective on the stock. in a report on Tuesday, May 20th. TD Cowen lowered their price objective on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Hsbc Global Res downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. UBS Group downgraded shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. downgraded shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $22.71.

Equinor ASA Stock Performance

Shares of EQNR opened at $24.61 on Thursday. The firm has a 50-day moving average of $25.46 and a 200-day moving average of $24.48. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company has a market cap of $72.46 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.37.

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

Equinor ASA Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a $0.304 dividend. This represents a dividend yield of 496.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Equinor ASA's dividend payout ratio (DPR) is 40.53%.

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.

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