Equinor ASA (NYSE:EQNR) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 958.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,447,536 shares of the company's stock after purchasing an additional 1,310,812 shares during the quarter. Voloridge Investment Management LLC owned 0.05% of Equinor ASA worth $34,292,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EQNR. Manchester Capital Management LLC bought a new position in Equinor ASA during the fourth quarter worth $33,000. GeoWealth Management LLC lifted its stake in Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after purchasing an additional 985 shares during the last quarter. Synergy Asset Management LLC bought a new position in Equinor ASA during the fourth quarter worth $36,000. R Squared Ltd bought a new position in Equinor ASA during the fourth quarter worth $48,000. Finally, Bessemer Group Inc. lifted its stake in Equinor ASA by 1,009.8% during the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock worth $60,000 after purchasing an additional 2,272 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded up $0.32 during midday trading on Friday, reaching $23.82. 2,158,349 shares of the company traded hands, compared to its average volume of 3,587,166. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The stock has a 50-day moving average price of $23.79 and a 200 day moving average price of $23.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The company has a market cap of $66.53 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The company had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. Sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business 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 dividend of $0.304 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Friday, May 16th. Equinor ASA's dividend payout ratio is currently 46.84%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EQNR shares. Danske upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Wall Street Zen cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Morgan Stanley cut 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. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Kepler Capital Markets cut Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.