Todd Asset Management LLC Boosts Stock Holdings in Equinor ASA (NYSE:EQNR)

Todd Asset Management LLC grew its position in Equinor ASA (NYSE:EQNR) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,432 shares of the company’s stock after acquiring an additional 10,828 shares during the quarter. Todd Asset Management LLC’s holdings in Equinor ASA were worth $4,227,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Equinor ASA during the 3rd quarter valued at about $1,933,000. GSA Capital Partners LLP acquired a new position in shares of Equinor ASA during the 3rd quarter worth approximately $2,509,000. Crossmark Global Holdings Inc. grew its position in shares of Equinor ASA by 52.1% in the third quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after purchasing an additional 29,516 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Equinor ASA by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company’s stock valued at $2,388,000 after purchasing an additional 9,512 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $9,043,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Shares of EQNR opened at $22.81 on Wednesday. The firm has a 50-day simple moving average of $23.90 and a two-hundred day simple moving average of $24.58. The stock has a market cap of $63.71 billion, a PE ratio of 7.34, a P/E/G ratio of 0.58 and a beta of 0.83. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. 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 (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. As a group, analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.14%. Equinor ASA’s payout ratio is presently 37.30%.

Wall Street Analyst Weigh In

EQNR has been the topic of a number of recent research reports. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA 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.