JPMorgan Chase & Co. Boosts Stock Position in Equinor ASA (NYSE:EQNR)

JPMorgan Chase & Co. increased its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 30.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,652 shares of the company's stock after buying an additional 28,385 shares during the period. JPMorgan Chase & Co.'s holdings in Equinor ASA were worth $2,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in Equinor ASA by 82.4% in the fourth quarter. LPL Financial LLC now owns 52,019 shares of the company's stock worth $1,232,000 after acquiring an additional 23,492 shares in the last quarter. American Century Companies Inc. boosted its holdings in Equinor ASA by 5.6% in the fourth quarter. American Century Companies Inc. now owns 259,506 shares of the company's stock worth $6,148,000 after acquiring an additional 13,677 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Equinor ASA by 519.1% in the fourth quarter. Quantbot Technologies LP now owns 31,364 shares of the company's stock worth $743,000 after acquiring an additional 26,298 shares in the last quarter. Signaturefd LLC boosted its holdings in Equinor ASA by 39.1% in the fourth quarter. Signaturefd LLC now owns 26,960 shares of the company's stock worth $639,000 after acquiring an additional 7,582 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its holdings in Equinor ASA by 2.7% in the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock worth $464,000 after acquiring an additional 518 shares in the last quarter. Institutional investors own 5.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EQNR. Redburn Atlantic downgraded Equinor ASA from a "buy" rating to a "sell" rating in a report on Wednesday, April 23rd. Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. HSBC raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Morgan Stanley decreased their target price 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, StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Equinor ASA has an average rating of "Moderate Buy" and a consensus price target of $28.10.

Equinor ASA Stock Performance

NYSE:EQNR traded up $0.24 during trading hours on Monday, reaching $22.90. The company had a trading volume of 3,684,400 shares, compared to its average volume of 3,488,943. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.32. The firm has a market cap of $63.95 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The business's 50 day moving average price is $23.85 and its 200-day moving average price is $23.91. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Research analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently disclosed 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. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is presently 38.91%.

About Equinor ASA

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.