Unified Investment Management Buys Shares of 22,810 Equinor ASA (NYSE:EQNR)

Unified Investment Management acquired a new position in Equinor ASA (NYSE:EQNR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,810 shares of the company's stock, valued at approximately $540,000.

Several other institutional investors have also recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new stake in Equinor ASA during the 4th quarter worth about $33,000. Synergy Asset Management LLC acquired a new stake in Equinor ASA during the fourth quarter worth about $36,000. R Squared Ltd purchased a new position in Equinor ASA during the fourth quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new position in Equinor ASA in the fourth quarter valued at approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its position in Equinor ASA by 325.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company's stock worth $92,000 after purchasing an additional 3,016 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Analyst Upgrades and Downgrades

EQNR has been the subject of several recent research reports. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Barclays upgraded Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th. One equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $29.45.

Equinor ASA Price Performance

EQNR traded down $0.72 on Monday, hitting $22.67. 6,280,518 shares of the company's stock were exchanged, compared to its average volume of 4,541,346. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The stock has a market cap of $63.31 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of 0.58 and a beta of 0.83. The firm has a 50-day moving average price of $23.95 and a 200-day moving average price of $24.44. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly 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 return on equity of 20.33% and a net margin of 8.49%. As a group, equities analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 6.18%. Equinor ASA's dividend payout ratio is presently 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.