Invesco Ltd. Has $2.27 Million Position in Equinor ASA (NYSE:EQNR)

Invesco Ltd. grew its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 100.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,830 shares of the company's stock after buying an additional 47,967 shares during the period. Invesco Ltd.'s holdings in Equinor ASA were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EQNR. Folketrygdfondet lifted its holdings in Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after acquiring an additional 4,300,472 shares in the last quarter. Trexquant Investment LP lifted its holdings in shares of Equinor ASA by 975.0% during the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock valued at $19,961,000 after purchasing an additional 764,204 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Equinor ASA by 10.7% during the 4th quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock valued at $98,340,000 after purchasing an additional 399,861 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of Equinor ASA in the 4th quarter valued at approximately $9,043,000. Finally, Drum Hill Capital LLC bought a new stake in Equinor ASA during the 4th quarter worth approximately $4,023,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Up 0.2 %

Shares of NYSE:EQNR traded up $0.04 during midday trading on Thursday, hitting $22.33. The stock had a trading volume of 6,186,704 shares, compared to its average volume of 3,518,444. The company has a market cap of $62.36 billion, a P/E ratio of 7.18, 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 business's 50-day simple moving average is $23.83 and its 200-day simple moving average is $23.89. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

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

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a yield of 5.45%. Equinor ASA's dividend payout ratio is 38.91%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EQNR. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Morgan Stanley decreased their price objective on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.10.

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.