Wellington Management Group LLP Has $98.34 Million Holdings in Equinor ASA (NYSE:EQNR)

Wellington Management Group LLP lifted its stake in Equinor ASA (NYSE:EQNR - Free Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,151,104 shares of the company's stock after acquiring an additional 399,861 shares during the quarter. Wellington Management Group LLP owned approximately 0.15% of Equinor ASA worth $98,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Manchester Capital Management LLC purchased a new position in Equinor ASA in the fourth quarter valued at about $33,000. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA in the 4th quarter valued at approximately $36,000. R Squared Ltd acquired a new position in Equinor ASA in the fourth quarter worth approximately $48,000. Brooklyn Investment Group bought a new position in Equinor ASA during the fourth quarter valued at approximately $61,000. Finally, Smartleaf Asset Management LLC lifted its stake in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company's stock valued at $92,000 after acquiring an additional 3,016 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

EQNR traded down $0.12 during midday trading on Tuesday, reaching $22.64. The company's stock had a trading volume of 2,368,044 shares, compared to its average volume of 4,251,334. 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 simple moving average of $24.09 and a 200 day simple moving average of $24.20. The stock has a market cap of $63.22 billion, a P/E ratio of 7.28, a PEG ratio of 0.58 and a beta of 0.58. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32.

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Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 6.18%. Equinor ASA's payout ratio is 37.30%.

Wall Street Analysts Forecast Growth

EQNR has been the topic of a number of recent research reports. Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Morgan Stanley cut their target price on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a report on Monday, March 17th. Royal Bank of Canada reiterated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have assigned 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.10.

Equinor ASA 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.