Blue Trust Inc. Has $1.11 Million Position in Equinor ASA (NYSE:EQNR)

Blue Trust Inc. raised its stake in Equinor ASA (NYSE:EQNR - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,808 shares of the company's stock after buying an additional 12,982 shares during the quarter. Blue Trust Inc.'s holdings in Equinor ASA were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Equinor ASA by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company's stock valued at $480,000 after buying an additional 440 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after purchasing an additional 543 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its holdings in Equinor ASA by 1.2% during the third quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company's stock worth $2,057,000 after purchasing an additional 1,000 shares during the last quarter. Truist Financial Corp boosted its holdings in Equinor ASA by 9.2% during the second quarter. Truist Financial Corp now owns 13,900 shares of the company's stock worth $397,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new position in Equinor ASA during the third quarter worth $31,000. Institutional investors and hedge funds own 5.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EQNR. StockNews.com upgraded shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Berenberg Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upgraded shares of 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 report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinor ASA presently has an average rating of "Moderate Buy" and an average target price of $29.45.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded up $0.33 during midday trading on Wednesday, hitting $23.91. 2,180,713 shares of the company's stock were exchanged, compared to its average volume of 3,352,360. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.49. The company's 50 day moving average price is $24.03 and its 200 day moving average price is $24.98. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $66.76 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 5.86%. The ex-dividend date is Friday, February 14th. Equinor ASA's dividend payout ratio is presently 35.89%.

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.