American Century Companies Inc. Boosts Stake in Equinor ASA (NYSE:EQNR)

American Century Companies Inc. boosted its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,506 shares of the company's stock after purchasing an additional 13,677 shares during the period. American Century Companies Inc.'s holdings in Equinor ASA were worth $6,148,000 as of its most recent SEC filing.

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

Equinor ASA Stock Up 7.1 %

EQNR traded up $1.56 on Wednesday, hitting $23.60. The company had a trading volume of 6,655,296 shares, compared to its average volume of 3,540,016. The stock has a market capitalization of $65.90 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The stock has a fifty day moving average price of $24.00 and a 200-day moving average price of $24.15. Equinor ASA has a 12-month low of $21.21 and a 12-month high of $29.32.

Remove Ads

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 (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%. Analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.304 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.15%. Equinor ASA's dividend payout ratio is presently 37.30%.

Analyst Ratings Changes

EQNR has been the subject of several research analyst reports. StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Morgan Stanley dropped their price target on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Royal Bank of Canada restated a "sector perform" rating on shares of Equinor ASA in a report on Thursday, February 6th. Finally, Danske upgraded 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 issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.