Marshall Wace LLP grew its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 3,159.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,649,389 shares of the company's stock after buying an additional 2,568,095 shares during the period. Marshall Wace LLP owned 0.09% of Equinor ASA worth $62,764,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Folketrygdfondet lifted its holdings in shares of Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after acquiring an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Equinor ASA by 10.7% during the 4th quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock valued at $98,340,000 after acquiring an additional 399,861 shares during the period. Trexquant Investment LP grew its position in Equinor ASA by 975.0% during the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock worth $19,961,000 after acquiring an additional 764,204 shares during the last quarter. Fisher Asset Management LLC lifted its position in Equinor ASA by 6.6% in the fourth quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock valued at $13,207,000 after purchasing an additional 34,720 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its stake in shares of Equinor ASA by 0.4% during the fourth quarter. OLD Mission Capital LLC now owns 475,326 shares of the company's stock valued at $11,260,000 after purchasing an additional 1,722 shares during the period. Hedge funds and other institutional investors own 5.51% of the company's stock.
Analyst Ratings Changes
EQNR has been the topic of a number of research analyst reports. HSBC upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Redburn Atlantic lowered Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday. Danske raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley lowered their price objective 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. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equinor ASA has an average rating of "Moderate Buy" and an average target price of $28.10.
Get Our Latest Report on Equinor ASA
Equinor ASA Stock Performance
EQNR traded down $0.50 on Wednesday, reaching $22.74. The stock had a trading volume of 2,115,481 shares, compared to its average volume of 3,517,073. The company has a market cap of $63.51 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $29.32. 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 business's 50-day moving average price is $23.88 and its two-hundred day moving average price is $23.99.
Equinor ASA (NYSE:EQNR - Get Free Report) last issued 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 net margin of 8.49% and a return on equity of 20.33%. Sell-side analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.
Equinor ASA Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Friday, May 16th. Equinor ASA's payout ratio is currently 38.91%.
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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