Charles Schwab Investment Management Inc. Boosts Stake in Equinor ASA (NYSE:EQNR)

Charles Schwab Investment Management Inc. boosted its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 62.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,732 shares of the company's stock after buying an additional 24,090 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Equinor ASA were worth $1,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at about $33,000. Synergy Asset Management LLC purchased a new stake in Equinor ASA during the 4th quarter valued at approximately $36,000. R Squared Ltd purchased a new stake in Equinor ASA during the 4th quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new stake in Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 3,016 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EQNR shares. Morgan Stanley decreased their price target on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th. Nordea Equity Research upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Equinor ASA has a consensus rating of "Moderate Buy" and a consensus target price of $28.10.

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Equinor ASA Price Performance

Shares of NYSE:EQNR traded down $0.11 during trading on Wednesday, hitting $26.81. 3,022,148 shares of the stock were exchanged, compared to its average volume of 3,470,431. The company has a market cap of $74.87 billion, a PE ratio of 8.62, a P/E/G ratio of 0.58 and a beta of 0.79. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $24.09 and a two-hundred day moving average price of $24.23. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted 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, analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.22%. Equinor ASA's dividend payout ratio (DPR) is currently 37.30%.

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.