Quantbot Technologies LP Buys 230,344 Shares of Equinor ASA $EQNR

Key Points

• Quantbot Technologies LP significantly increased its stake in Equinor ASA by 734.4% during the first quarter, acquiring an additional 230,344 shares, bringing its total holdings to 261,708 shares worth approximately $6.92 million.
• Equinor ASA recently reported $0.64 EPS, missing the consensus estimate by $0.02, while revenue reached $25.12 billion, surpassing analyst expectations of $23.88 billion.
• The company declared a $0.304 dividend which will be paid on August 29th, with an impressive dividend yield of 496.0% and a payout ratio of 40.53%.

Quantbot Technologies LP grew its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 734.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,708 shares of the company's stock after buying an additional 230,344 shares during the period. Quantbot Technologies LP's holdings in Equinor ASA were worth $6,922,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in shares of Equinor ASA by 725.4% during the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after buying an additional 856 shares in the last quarter. GeoWealth Management LLC raised its stake in Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after purchasing an additional 985 shares during the period. Montag A & Associates Inc. bought a new stake in Equinor ASA during the 1st quarter valued at approximately $53,000. Wayfinding Financial LLC bought a new stake in Equinor ASA during the 1st quarter valued at approximately $54,000. Finally, Headlands Technologies LLC bought a new stake in Equinor ASA during the 1st quarter valued at approximately $57,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Price Performance

NYSE:EQNR traded up $0.1550 during trading hours on Friday, reaching $25.1250. The stock had a trading volume of 2,158,122 shares, compared to its average volume of 3,971,262. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $24.47. The stock has a market capitalization of $73.99 billion, a PE ratio of 8.35, a PEG ratio of 0.86 and a beta of 0.59.

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

Equinor ASA Dividend Announcement

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

Analyst Ratings Changes

EQNR has been the topic of several recent analyst reports. UBS Group downgraded Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. downgraded Equinor ASA from a "neutral" rating to an "underweight" rating in a research note on Tuesday, August 12th. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Kepler Capital Markets downgraded Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley downgraded Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 target price on the stock. in a research note on Monday, May 12th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $22.71.

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.