Arrowstreet Capital Limited Partnership Has $252.28 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

Arrowstreet Capital Limited Partnership reduced its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,649,398 shares of the company's stock after selling 127,487 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.38% of Equinor ASA worth $252,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Folketrygdfondet increased its holdings in Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after buying an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP lifted its stake in Equinor ASA by 3.7% during the third 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 during the last quarter. Fisher Asset Management LLC boosted its holdings in Equinor ASA by 6.6% in the fourth quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after purchasing an additional 34,720 shares during the period. ABC Arbitrage SA acquired a new position in Equinor ASA in the fourth quarter worth $9,043,000. Finally, American Century Companies Inc. increased its stake in Equinor ASA by 5.6% during the fourth quarter. American Century Companies Inc. now owns 259,506 shares of the company's stock valued at $6,148,000 after purchasing an additional 13,677 shares during the last quarter. Institutional investors own 5.51% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on EQNR. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research note on Monday, December 9th. Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, HSBC raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the 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 Price Performance

Shares of EQNR stock traded down $1.26 during mid-day trading on Thursday, hitting $25.51. 1,983,896 shares of the stock traded hands, compared to its average volume of 3,464,705. Equinor ASA has a twelve month low of $21.85 and a twelve month 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 simple moving average is $24.09 and its 200-day simple moving average is $24.23. The firm has a market cap of $71.24 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR - Get Free Report) last released 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%. As a group, equities research analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.49%. Equinor ASA's payout ratio is currently 37.30%.

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.