Trexquant Investment LP Acquires 764,204 Shares of Equinor ASA (NYSE:EQNR)

Trexquant Investment LP lifted its stake in Equinor ASA (NYSE:EQNR - Free Report) by 975.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 842,580 shares of the company's stock after acquiring an additional 764,204 shares during the period. Trexquant Investment LP's holdings in Equinor ASA were worth $19,961,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Equinor ASA by 28.7% in the third quarter. Cerity Partners LLC now owns 26,009 shares of the company's stock valued at $659,000 after acquiring an additional 5,804 shares during the period. Bank of Montreal Can boosted its holdings in Equinor ASA by 17.0% in the 3rd quarter. Bank of Montreal Can now owns 159,794 shares of the company's stock valued at $3,993,000 after purchasing an additional 23,213 shares during the period. Glenmede Trust Co. NA grew its position in shares of Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company's stock valued at $676,000 after purchasing an additional 1,247 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Equinor ASA in the third quarter worth $2,305,000. Finally, Centiva Capital LP purchased a new stake in shares of Equinor ASA in the third quarter worth $819,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQNR. Royal Bank of Canada restated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. HSBC raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Finally, Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Equinor ASA currently has an average rating of "Moderate Buy" and a consensus target price of $28.10.

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Equinor ASA Trading Down 8.2 %

Shares of EQNR traded down $2.09 during trading hours on Friday, hitting $23.40. The company had a trading volume of 6,252,880 shares, compared to its average volume of 3,496,420. The firm has a market cap of $65.36 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.58 and a beta of 0.58. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The stock's 50 day moving average price is $24.10 and its 200 day moving average price is $24.22. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly 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, research analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.98%. Equinor ASA's payout ratio is currently 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.