Equinor ASA (NYSE:EQNR) Holdings Lifted by DRW Securities LLC

DRW Securities LLC raised its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 91.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,321 shares of the company's stock after purchasing an additional 59,542 shares during the period. DRW Securities LLC's holdings in Equinor ASA were worth $2,945,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in Equinor ASA during the fourth quarter worth about $33,000. Synergy Asset Management LLC purchased a new stake in shares of Equinor ASA during the 4th quarter worth about $36,000. R Squared Ltd acquired a new stake in Equinor ASA during the 4th quarter worth approximately $48,000. Brooklyn Investment Group purchased a new position in Equinor ASA in the fourth quarter valued at approximately $61,000. Finally, Smartleaf Asset Management LLC lifted its position in Equinor ASA by 325.0% during the fourth 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 in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Down 0.3 %

NYSE:EQNR traded down $0.08 during mid-day trading on Monday, reaching $23.17. The stock had a trading volume of 1,245,472 shares, compared to its average volume of 3,525,158. 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 company has a market capitalization of $64.71 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.32. The stock's 50 day simple moving average is $23.94 and its two-hundred day simple moving average is $24.12.

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Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Equities analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's payout ratio is currently 38.91%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EQNR shares. Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. StockNews.com cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Finally, DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.10.

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.