Interval Partners LP Acquires New Holdings in Equinor ASA (NYSE:EQNR)

Interval Partners LP acquired a new stake in Equinor ASA (NYSE:EQNR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 98,758 shares of the company’s stock, valued at approximately $2,340,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQNR. Charles Schwab Investment Management Inc. grew its position in Equinor ASA by 62.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock valued at $1,486,000 after acquiring an additional 24,090 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Equinor ASA in the 4th quarter valued at about $909,000. ABC Arbitrage SA acquired a new position in Equinor ASA in the 4th quarter valued at about $9,043,000. Folketrygdfondet grew its position in Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after acquiring an additional 4,300,472 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Equinor ASA by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company’s stock worth $2,388,000 after buying an additional 9,512 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of EQNR opened at $23.01 on Monday. The stock has a 50 day moving average price of $23.84 and a 200 day moving average price of $23.81. 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 company has a market capitalization of $64.26 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The business had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be issued a $0.304 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 38.29%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQNR. Redburn Atlantic downgraded Equinor ASA from a “buy” rating to a “sell” rating in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a research report on Monday, March 17th. Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. TD Cowen lowered their price objective on Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank of Canada downgraded Equinor ASA from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

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.