Equinor ASA (NYSE:EQNR) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in Equinor ASA (NYSE:EQNR) by 72.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 322,738 shares of the company’s stock after buying an additional 135,883 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Equinor ASA were worth $7,646,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EQNR. Manchester Capital Management LLC bought a new position in Equinor ASA in the fourth quarter worth about $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA during the 4th quarter worth approximately $36,000. R Squared Ltd acquired a new position in Equinor ASA during the 4th quarter valued at approximately $48,000. Brooklyn Investment Group bought a new position in Equinor ASA during the 4th quarter worth $61,000. Finally, Smartleaf Asset Management LLC increased its position in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after buying an additional 3,016 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQNR has been the subject of several recent research reports. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Morgan Stanley cut their price target on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a report on Monday, March 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Price Performance

NYSE EQNR opened at $26.94 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.32. The company has a market cap of $75.23 billion, a PE ratio of 8.66, a PEG ratio of 0.58 and a beta of 0.79. The stock’s 50-day moving average price is $24.03 and its two-hundred day moving average price is $24.22.

Equinor ASA (NYSE:EQNR) last released 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 net margin of 8.49% and a return on equity of 20.33%. On average, analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.20%. Equinor ASA’s dividend payout ratio (DPR) is presently 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.