O Shaughnessy Asset Management LLC Raises Stock Holdings in Equinor ASA (NYSE:EQNR)

O Shaughnessy Asset Management LLC lifted its position in Equinor ASA (NYSE:EQNR - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,738 shares of the company's stock after purchasing an additional 135,883 shares during the period. O Shaughnessy Asset Management LLC's holdings in Equinor ASA were worth $7,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new stake in Equinor ASA in the fourth quarter valued at approximately $9,043,000. Folketrygdfondet lifted its position in shares of Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after buying an additional 4,300,472 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Equinor ASA by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company's stock valued at $2,388,000 after acquiring an additional 9,512 shares during the period. Drum Hill Capital LLC purchased a new stake in Equinor ASA in the 4th quarter worth $4,023,000. Finally, Fisher Asset Management LLC increased its holdings in Equinor ASA by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after acquiring an additional 34,720 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Trading Down 4.8 %

Shares of EQNR traded down $1.30 during midday trading on Thursday, reaching $25.47. The company had a trading volume of 4,577,604 shares, compared to its average volume of 3,475,448. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $24.11 and a 200-day simple moving average of $24.24. The stock has a market cap of $71.14 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58.

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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 return on equity of 20.33% and a net margin of 8.49%. Research analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.50%. Equinor ASA's payout ratio is 37.30%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EQNR. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research 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. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Hsbc Global Res raised Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Nordea Equity Research 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 assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.10.

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.