Voloridge Investment Management LLC Grows Position in Equinor ASA (NYSE:EQNR)

Voloridge Investment Management LLC grew its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 958.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,447,536 shares of the company's stock after buying an additional 1,310,812 shares during the period. Voloridge Investment Management LLC owned 0.05% of Equinor ASA worth $34,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GeoWealth Management LLC increased its position in Equinor ASA by 254.5% in 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. Manchester Capital Management LLC bought a new stake in Equinor ASA in the fourth quarter worth $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA in the fourth quarter worth $36,000. R Squared Ltd bought a new stake in Equinor ASA in the fourth quarter worth $48,000. Finally, Bessemer Group Inc. increased 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 purchasing an additional 2,272 shares during the last quarter. Institutional investors own 5.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Berenberg Bank lowered shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective for the company. in a research note on Tuesday, May 20th. Redburn Atlantic lowered shares of Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Barclays lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of "Hold" and a consensus price target of $22.71.

Equinor ASA Trading Up 1.8%

Shares of EQNR traded up $0.44 during trading hours on Tuesday, reaching $24.26. 1,345,429 shares of the company traded hands, compared to its average volume of 3,578,785. The firm has a market cap of $67.74 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.58 and a beta of 0.58. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The stock's fifty day moving average price is $23.76 and its 200 day moving average price is $23.79.

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

Equinor ASA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders 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 5.01%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's dividend payout ratio is currently 46.84%.

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.