Integrated Quantitative Investments LLC Invests $398,000 in Equinor ASA (NYSE:EQNR)

Integrated Quantitative Investments LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,800 shares of the company's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EQNR. Van ECK Associates Corp increased its holdings in Equinor ASA by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock worth $386,000 after buying an additional 487 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Equinor ASA by 10.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock valued at $123,000 after purchasing an additional 505 shares during the last quarter. Gallacher Capital Management LLC lifted its position in Equinor ASA by 2.7% during the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after purchasing an additional 518 shares during the period. Farther Finance Advisors LLC boosted its holdings in Equinor ASA by 10.6% in the fourth quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock worth $146,000 after purchasing an additional 593 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in Equinor ASA during the 4th quarter valued at $33,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Price Performance

EQNR stock traded down $1.04 during mid-day trading on Thursday, hitting $22.39. The company had a trading volume of 1,804,956 shares, compared to its average volume of 4,309,877. The company has a market capitalization of $62.53 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.58 and a beta of 0.58. The company has a 50-day moving average price of $24.00 and a 200 day moving average price of $24.15. 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 has a 12-month low of $21.41 and a 12-month high of $29.32.

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

Equinor ASA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors 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 yield of 5.43%. Equinor ASA's dividend payout ratio is currently 37.30%.

Analysts Set New Price Targets

Several brokerages recently commented on EQNR. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. Morgan Stanley cut their price target on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.10.

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.