Fisher Asset Management LLC cut its position in shares of Equinor ASA (NYSE:EQNR – Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,778,054 shares of the company’s stock after selling 49,248 shares during the quarter. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $42,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Mirabella Financial Services LLP bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $7,314,000. JPMorgan Chase & Co. boosted its position in shares of Equinor ASA by 1,437.7% during the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $21,366,000. ABC Arbitrage SA boosted its position in shares of Equinor ASA by 100.8% during the third quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock valued at $12,569,000 after purchasing an additional 258,767 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $2,515,000. 5.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on EQNR shares. Zacks Research raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 25th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Friday, March 20th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 target price on the stock in a report on Tuesday, March 24th. TD Cowen boosted their target price on Equinor ASA from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Equinor ASA presently has an average rating of “Hold” and an average price target of $40.20.
Equinor ASA Trading Down 2.5%
Equinor ASA stock opened at $37.84 on Wednesday. The company has a market capitalization of $111.43 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.07. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $43.46. The business’s fifty day simple moving average is $39.16 and its two-hundred day simple moving average is $30.46.
Equinor ASA (NYSE:EQNR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The firm had revenue of $28.40 billion for the quarter, compared to the consensus estimate of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. As a group, equities analysts predict that Equinor ASA will post 5.1 earnings per share for the current fiscal year.
Equinor ASA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s dividend payout ratio is presently 58.72%.
Equinor ASA Profile
Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.
In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.
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