Equinor ASA (NYSE:EQNR) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its stake in Equinor ASA (NYSE:EQNR) by 39.1% in the fourth quarter, Holdings Channel reports. The firm owned 26,960 shares of the company’s stock after purchasing an additional 7,582 shares during the period. Signaturefd LLC’s holdings in Equinor ASA were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Equinor ASA by 62.0% during the 3rd quarter. Empowered Funds LLC now owns 109,730 shares of the company’s stock valued at $2,779,000 after acquiring an additional 41,981 shares during the period. Caprock Group LLC acquired a new stake in Equinor ASA during the 3rd quarter valued at approximately $432,000. Advisors Asset Management Inc. lifted its stake in Equinor ASA by 13.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 108,347 shares of the company’s stock valued at $2,744,000 after acquiring an additional 13,179 shares during the period. John G Ullman & Associates Inc. lifted its stake in Equinor ASA by 18.7% during the 3rd quarter. John G Ullman & Associates Inc. now owns 46,050 shares of the company’s stock valued at $1,166,000 after acquiring an additional 7,250 shares during the period. Finally, Cerity Partners LLC lifted its stake in Equinor ASA by 28.7% during the 3rd quarter. Cerity Partners LLC now owns 26,009 shares of the company’s stock valued at $659,000 after acquiring an additional 5,804 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $25.18 on Thursday. The firm has a market cap of $70.33 billion, a PE ratio of 8.10, a PEG ratio of 0.58 and a beta of 0.79. The firm has a fifty day moving average of $23.89 and a 200 day moving average of $24.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. Equinor ASA has a one year low of $21.85 and a one year high of $29.32.

Equinor ASA (NYSE:EQNR) last issued its quarterly 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%. As a group, research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.56%. The ex-dividend date was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

Analysts Set New Price Targets

Several brokerages have commented on EQNR. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Morgan Stanley cut their target price on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a report on Monday. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Finally, Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

About Equinor ASA

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.