Equinor ASA (NYSE:EQNR) Stake Increased by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in Equinor ASA (NYSE:EQNR) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,483 shares of the company’s stock after purchasing an additional 34,720 shares during the period. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $13,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after purchasing an additional 132,157 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Equinor ASA in the fourth quarter valued at $9,043,000. Todd Asset Management LLC lifted its holdings in shares of Equinor ASA by 6.5% in the fourth quarter. Todd Asset Management LLC now owns 178,432 shares of the company’s stock valued at $4,227,000 after purchasing an additional 10,828 shares in the last quarter. Drum Hill Capital LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at $4,023,000. Finally, Bank of Montreal Can lifted its holdings in shares of Equinor ASA by 17.0% in the third quarter. Bank of Montreal Can now owns 159,794 shares of the company’s stock valued at $3,993,000 after purchasing an additional 23,213 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQNR. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Trading Down 3.1 %

Equinor ASA stock opened at $22.67 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The company has a market capitalization of $63.31 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.58 and a beta of 0.83. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The company’s fifty day moving average price is $23.95 and its two-hundred day moving average price is $24.44.

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

Equinor ASA Announces Dividend

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