Equinor ASA (NYSE:EQNR) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Equinor ASA (NYSE:EQNR) by 519.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,364 shares of the company’s stock after purchasing an additional 26,298 shares during the period. Quantbot Technologies LP’s holdings in Equinor ASA were worth $743,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EQNR. Van ECK Associates Corp boosted its position in shares of Equinor ASA by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock worth $386,000 after buying an additional 487 shares during the period. Jones Financial Companies Lllp boosted its holdings in Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock worth $123,000 after acquiring an additional 505 shares during the period. Gallacher Capital Management LLC grew its position in Equinor ASA by 2.7% in the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after acquiring an additional 518 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Equinor ASA by 10.6% during the fourth quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after purchasing an additional 593 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Equinor ASA by 4.9% during the third quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock worth $676,000 after purchasing an additional 1,247 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of EQNR opened at $25.97 on Thursday. The stock has a market capitalization of $72.51 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The business’s fifty day moving average price is $23.91 and its 200 day moving average price is $24.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (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%. Equities research analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.39%. Equinor ASA’s payout ratio is currently 37.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced their target price on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.10.

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.