J. Safra Sarasin Holding AG Purchases 22,838 Shares of Equinor ASA (NYSE:EQNR)

J. Safra Sarasin Holding AG raised its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 667,004 shares of the company's stock after buying an additional 22,838 shares during the period. J. Safra Sarasin Holding AG's holdings in Equinor ASA were worth $15,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock worth $386,000 after purchasing an additional 487 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Equinor ASA by 10.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock worth $123,000 after buying an additional 505 shares in the last quarter. Gallacher Capital Management LLC raised its position in Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after buying an additional 518 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock valued at $146,000 after acquiring an additional 593 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of Equinor ASA by 254.5% in the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after acquiring an additional 985 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Royal Bank of Canada cut Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday. Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Finally, Redburn Atlantic downgraded shares of Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.10.

Equinor ASA Trading Down 1.3 %

NYSE:EQNR traded down $0.29 during midday trading on Friday, reaching $22.63. 3,448,516 shares of the stock traded hands, compared to its average volume of 3,488,894. The stock has a market capitalization of $63.20 billion, a P/E ratio of 7.28, 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 debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The company has a fifty day moving average of $23.86 and a 200 day moving average of $23.94.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. On average, research analysts predict that Equinor ASA will post 3.46 EPS 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 given a $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.37%. Equinor ASA's dividend payout ratio is 38.91%.

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.