International Assets Investment Management LLC Invests $840,000 in Equinor ASA (NYSE:EQNR)

International Assets Investment Management LLC acquired a new position in Equinor ASA (NYSE:EQNR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,578 shares of the company's stock, valued at approximately $840,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQNR. Ativo Capital Management LLC acquired a new position in shares of Equinor ASA in the 4th quarter worth approximately $1,047,000. Ballentine Partners LLC raised its holdings in shares of Equinor ASA by 9.4% in the 4th quarter. Ballentine Partners LLC now owns 12,058 shares of the company's stock valued at $382,000 after buying an additional 1,035 shares during the period. Princeton Global Asset Management LLC acquired a new position in Equinor ASA during the 4th quarter worth about $43,000. Blue Trust Inc. boosted its holdings in Equinor ASA by 42.8% during the 4th quarter. Blue Trust Inc. now owns 4,242 shares of the company's stock valued at $139,000 after acquiring an additional 1,271 shares during the period. Finally, Ritholtz Wealth Management grew its position in Equinor ASA by 44.7% in the 4th quarter. Ritholtz Wealth Management now owns 10,415 shares of the company's stock valued at $330,000 after acquiring an additional 3,218 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQNR. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $26.40 to $28.50 in a report on Tuesday, February 20th. StockNews.com upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. TD Cowen started coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They issued a "hold" rating and a $28.00 price objective for the company. Finally, DZ Bank cut Equinor ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Equinor ASA presently has an average rating of "Hold" and an average price target of $28.25.

Equinor ASA Stock Performance

EQNR stock traded up $0.52 on Friday, hitting $28.51. The company's stock had a trading volume of 2,034,198 shares, compared to its average volume of 3,800,583. The stock has a market cap of $89.01 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. The firm has a 50 day moving average of $27.40 and a two-hundred day moving average of $28.88. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $25.14 billion for the quarter, compared to analyst estimates of $25.03 billion. Equities analysts predict that Equinor ASA will post 3.6 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.21%. Equinor ASA's payout ratio is currently 35.60%.

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.