Callan Family Office LLC Purchases New Stake in Equinor ASA (NYSE:EQNR)

Callan Family Office LLC purchased a new stake in Equinor ASA (NYSE:EQNR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,491 shares of the company's stock, valued at approximately $485,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Berenberg Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Danske upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Barclays upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. Finally, Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $29.45.

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Equinor ASA Trading Up 4.1 %

EQNR traded up $0.96 during midday trading on Monday, hitting $24.13. The company's stock had a trading volume of 5,460,333 shares, compared to its average volume of 4,501,114. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The firm has a 50-day moving average price of $23.93 and a two-hundred day moving average price of $24.30. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The firm has a market cap of $67.38 billion, a P/E ratio of 7.76, a PEG 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 net margin of 8.49% and a return on equity of 20.33%. On average, research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.35 per share. 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 5.80%. Equinor ASA's payout ratio is 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.