SIR Capital Management L.P. Acquires New Shares in Equinor ASA (NYSE:EQNR)

SIR Capital Management L.P. acquired a new position in Equinor ASA (NYSE:EQNR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 455,300 shares of the company's stock, valued at approximately $10,786,000.

Several other institutional investors have also added to or reduced their stakes in EQNR. Manchester Capital Management LLC bought a new position in shares of Equinor ASA in the 4th quarter worth about $33,000. GeoWealth Management LLC increased 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. Synergy Asset Management LLC bought a new position in shares of Equinor ASA in the 4th quarter worth about $36,000. R Squared Ltd bought a new position in shares of Equinor ASA in the 4th quarter worth about $48,000. Finally, Bessemer Group Inc. increased its stake in shares of Equinor ASA by 1,009.8% in the 4th quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock worth $60,000 after acquiring an additional 2,272 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EQNR shares. Royal Bank of Canada downgraded shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.85.

Equinor ASA Stock Performance

Shares of EQNR stock traded down $0.49 during trading hours on Monday, hitting $23.13. The stock had a trading volume of 4,793,614 shares, compared to its average volume of 3,565,269. The firm has a market capitalization of $64.60 billion, a PE ratio of 7.44, a PEG ratio of 0.58 and a beta of 0.58. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $29.32. The stock's 50 day moving average is $23.87 and its 200 day moving average is $23.77. 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 released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) 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 business had revenue of $27.14 billion during the quarter, compared to analysts' expectations of $27.16 billion. As a group, research 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 declared 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. This represents a $1.22 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's payout ratio is 38.29%.

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.