Equinor ASA $EQNR Shares Purchased by Quantbot Technologies LP

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 position in Equinor ASA (NYSE:EQNR - Free Report) by 734.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,708 shares of the company's stock after acquiring an additional 230,344 shares during the quarter. Quantbot Technologies LP's holdings in Equinor ASA were worth $6,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Barclays PLC purchased a new position in Equinor ASA during the 4th quarter worth $1,120,000. Sequoia Financial Advisors LLC purchased a new position in shares of Equinor ASA during the first quarter worth about $205,000. Sarasin & Partners LLP increased its position in Equinor ASA by 35.0% in the 1st quarter. Sarasin & Partners LLP now owns 547,576 shares of the company's stock valued at $13,870,000 after acquiring an additional 141,949 shares during the period. Raymond James Financial Inc. acquired a new stake in Equinor ASA during the 4th quarter worth approximately $909,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Equinor ASA by 30.1% in the 1st quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company's stock valued at $1,820,000 after purchasing an additional 15,910 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EQNR. Barclays cut Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group downgraded shares of Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. downgraded shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th. Kepler Capital Markets lowered Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. Finally, Morgan Stanley cut shares of Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 target price for the company. in a report on Monday, May 12th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $22.71.

Equinor ASA Price Performance

EQNR stock traded up $0.1550 during trading on Friday, hitting $25.1250. The stock had a trading volume of 2,158,122 shares, compared to its average volume of 4,027,507. The stock has a market cap of $73.99 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.86 and a beta of 0.59. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The company's 50 day moving average price is $25.65 and its two-hundred day moving average price is $24.45.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its earnings results 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). The firm had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. On average, sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a dividend yield of 496.0%. Equinor ASA's payout ratio is currently 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.