Quantbot Technologies LP increased its position in Equinor ASA (NYSE:EQNR - Free Report) by 519.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,364 shares of the company's stock after acquiring an additional 26,298 shares during the period. Quantbot Technologies LP's holdings in Equinor ASA were worth $743,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Capital Management LLC purchased a new position in Equinor ASA during the 4th quarter valued at about $33,000. Synergy Asset Management LLC purchased a new position in shares of Equinor ASA during the 4th quarter worth approximately $36,000. R Squared Ltd acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $48,000. Brooklyn Investment Group acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on EQNR shares. HSBC raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Morgan Stanley lowered their price target on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th. Finally, Danske raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.10.
Check Out Our Latest Analysis on Equinor ASA
Equinor ASA Trading Down 0.4 %
NYSE:EQNR traded down $0.09 during trading hours on Friday, reaching $26.05. 1,808,834 shares of the company were exchanged, compared to its average volume of 3,477,610. The firm has a market cap of $72.74 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.58 and a beta of 0.79. The stock has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $24.19. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. 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 (NYSE:EQNR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. As a group, analysts predict that Equinor ASA will post 3.46 EPS for the current year.
Equinor ASA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is presently 37.30%.
Equinor ASA Profile
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Free Report)
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.
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