Equinor ASA (NYSE:EQNR) Stake Raised by Folketrygdfondet

Folketrygdfondet grew its stake in Equinor ASA (NYSE:EQNR - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,466,079 shares of the company's stock after acquiring an additional 4,300,472 shares during the period. Equinor ASA accounts for 59.3% of Folketrygdfondet's holdings, making the stock its biggest holding. Folketrygdfondet owned about 3.99% of Equinor ASA worth $2,640,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of EQNR. Wellington Management Group LLP grew its stake in Equinor ASA by 3.7% in 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 in the last quarter. Fisher Asset Management LLC grew its position in shares of Equinor ASA by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after buying an additional 34,720 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Equinor ASA during the fourth quarter valued at $9,043,000. Todd Asset Management LLC raised its holdings in shares of Equinor ASA by 6.5% in the fourth quarter. Todd Asset Management LLC now owns 178,432 shares of the company's stock valued at $4,227,000 after acquiring an additional 10,828 shares in the last quarter. Finally, Drum Hill Capital LLC purchased a new stake in Equinor ASA in the fourth quarter worth about $4,023,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of research firms have commented on EQNR. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. DZ Bank raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Redburn Atlantic upgraded Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.45.

Equinor ASA Stock Up 4.1 %

Equinor ASA stock traded up $0.96 during midday trading on Monday, reaching $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 stock has a market capitalization of $67.38 billion, a P/E ratio of 7.76, a PEG ratio of 0.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock's 50-day simple moving average is $23.95 and its 200-day simple moving average is $24.29.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.63 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%. On average, sell-side analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The business 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date was Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is presently 37.30%.

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.