Equinor ASA (NYSE:EQNR) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its position in Equinor ASA (NYSE:EQNR) by 1,009.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,497 shares of the company’s stock after buying an additional 2,272 shares during the quarter. Bessemer Group Inc.’s holdings in Equinor ASA were worth $60,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in 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 acquiring an additional 487 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 505 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock worth $464,000 after purchasing an additional 518 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 last quarter. Finally, Manchester Capital Management LLC acquired a new stake in Equinor ASA during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research 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, Morgan Stanley decreased 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, March 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Trading Down 0.9 %

NYSE:EQNR opened at $23.23 on Friday. The stock’s 50-day moving average is $23.92 and its two-hundred day moving average is $24.08. 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 stock has a market cap of $64.89 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be paid a $0.304 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is presently 38.91%.

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.