Chase Investment Counsel Corp Boosts Position in Equinor ASA (NYSE:EQNR)

Chase Investment Counsel Corp lifted its position in Equinor ASA (NYSE:EQNR - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,000 shares of the company's stock after purchasing an additional 12,000 shares during the quarter. Chase Investment Counsel Corp's holdings in Equinor ASA were worth $1,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ABC Arbitrage SA bought a new position in Equinor ASA in the 4th quarter worth about $9,043,000. Drum Hill Capital LLC bought a new position in shares of Equinor ASA in the fourth quarter worth approximately $4,023,000. Public Employees Retirement System of Ohio purchased a new stake in Equinor ASA in the third quarter valued at approximately $3,685,000. Wellington Management Group LLP lifted its position 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 valued at $95,019,000 after purchasing an additional 132,157 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Equinor ASA during the third quarter valued at approximately $2,509,000. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Trading Down 3.7 %

Equinor ASA stock traded down $0.87 during trading hours on Monday, reaching $22.52. The company had a trading volume of 2,529,210 shares, compared to its average volume of 4,439,880. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32. The company has a 50-day moving average price of $23.95 and a 200 day moving average price of $24.47. The firm has a market cap of $62.89 billion, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.58 and a beta of 0.83.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its earnings results 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%. Equities analysts forecast 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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is 37.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Danske upgraded shares of 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 research report on Monday, November 25th. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. HSBC upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $29.45.

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.