ABC Arbitrage SA Buys Shares of 381,730 Equinor ASA (NYSE:EQNR)

ABC Arbitrage SA bought a new stake in Equinor ASA (NYSE:EQNR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 381,730 shares of the company's stock, valued at approximately $9,043,000. Equinor ASA makes up approximately 1.3% of ABC Arbitrage SA's holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new stake in Equinor ASA during the 3rd quarter worth approximately $6,203,000. Public Employees Retirement System of Ohio bought a new stake in Equinor ASA during the 3rd quarter worth approximately $3,685,000. Wellington Management Group LLP increased its holdings in Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock worth $95,019,000 after purchasing an additional 132,157 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Equinor ASA during the 3rd quarter worth approximately $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Equinor ASA during the 3rd quarter worth approximately $2,305,000. 5.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EQNR shares. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Barclays upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 25th. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Finally, Redburn Atlantic upgraded Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. One investment 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, the stock has an average rating of "Moderate Buy" and an average target price of $29.45.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.12 during trading on Wednesday, hitting $23.05. The stock had a trading volume of 2,645,212 shares, compared to its average volume of 4,463,665. The firm has a market cap of $64.36 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 0.57 and a beta of 0.83. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. The business's 50-day moving average is $23.89 and its 200 day moving average is $24.69.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued 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 return on equity of 20.33% and a net margin of 8.49%. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Friday, February 14th. Equinor ASA's dividend payout ratio is 37.62%.

Equinor ASA Company 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.