Raymond James Financial Inc. Buys New Holdings in Equinor ASA (NYSE:EQNR)

Raymond James Financial Inc. purchased a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,388 shares of the company's stock, valued at approximately $909,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in Equinor ASA in the fourth quarter valued at $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter valued at about $36,000. R Squared Ltd purchased a new position in Equinor ASA during the 4th quarter worth approximately $48,000. Brooklyn Investment Group purchased a new stake in Equinor ASA in the fourth quarter valued at approximately $61,000. Finally, Smartleaf Asset Management LLC lifted its stake in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company's stock valued at $92,000 after buying an additional 3,016 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Price Performance

EQNR stock traded up $1.56 during trading on Wednesday, hitting $23.60. The stock had a trading volume of 6,655,296 shares, compared to its average volume of 3,540,016. The stock has a market cap of $65.90 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a 1-year low of $21.21 and a 1-year 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's 50 day moving average price is $24.00 and its two-hundred day moving average price is $24.15.

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Equinor ASA (NYSE:EQNR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) 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, sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal 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 5.15%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's dividend payout ratio is currently 37.30%.

Wall Street Analyst Weigh In

EQNR has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA 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 research report on Friday, February 14th. Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Equinor ASA has an average rating of "Moderate Buy" and an average price target of $28.10.

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.