Bank of Nova Scotia Buys Shares of 13,055 Equinor ASA (NYSE:EQNR)

Bank of Nova Scotia acquired a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,055 shares of the company's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in shares of Equinor ASA by 20.0% in the third quarter. Stifel Financial Corp now owns 75,475 shares of the company's stock valued at $1,912,000 after purchasing an additional 12,585 shares in the last quarter. Logan Capital Management Inc. boosted its position in Equinor ASA by 4.2% during the 3rd quarter. Logan Capital Management Inc. now owns 115,879 shares of the company's stock worth $2,935,000 after acquiring an additional 4,626 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Equinor ASA by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company's stock worth $2,388,000 after acquiring an additional 9,512 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $1,253,000. Finally, Aprio Wealth Management LLC acquired a new position in Equinor ASA during the fourth quarter worth $317,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Performance

EQNR stock traded down $0.21 during trading hours on Friday, hitting $23.23. 4,820,803 shares of the stock were exchanged, compared to its average volume of 3,519,961. The company has a 50-day simple moving average of $23.89 and a two-hundred day simple moving average of $24.07. The firm has a market capitalization of $64.89 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.58 and a beta of 0.58. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $29.32. 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 (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. On average, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be issued a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a yield of 5.23%. Equinor ASA's dividend payout ratio is presently 38.91%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. DZ Bank raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. HSBC raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Equinor ASA currently 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.