International Assets Investment Management LLC Makes New Investment in Equinor ASA (NYSE:EQNR)

International Assets Investment Management LLC bought a new stake in Equinor ASA (NYSE:EQNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,578 shares of the company’s stock, valued at approximately $840,000.

Several other large investors have also modified their holdings of the stock. FMR LLC increased its stake in Equinor ASA by 4.5% in the 3rd quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after buying an additional 444,435 shares during the period. Wellington Management Group LLP increased its stake in shares of Equinor ASA by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after acquiring an additional 134,688 shares during the period. Bank of New York Mellon Corp raised its holdings in Equinor ASA by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 1,438,946 shares of the company’s stock worth $47,183,000 after purchasing an additional 18,694 shares in the last quarter. Pacer Advisors Inc. lifted its position in Equinor ASA by 25.2% in the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after purchasing an additional 139,952 shares during the period. Finally, Cambiar Investors LLC purchased a new stake in Equinor ASA in the 3rd quarter valued at approximately $21,931,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.0 %

Shares of EQNR stock opened at $27.12 on Wednesday. The stock has a market cap of $84.67 billion, a P/E ratio of 6.94 and a beta of 0.85. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The business has a fifty day simple moving average of $26.48 and a 200-day simple moving average of $29.60.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. The business had revenue of $29.05 billion for the quarter, compared to analysts’ expectations of $27.35 billion. On average, analysts forecast that Equinor ASA will post 3.26 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s payout ratio is currently 25.06%.

Analyst Ratings Changes

EQNR has been the subject of a number of analyst reports. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. TD Cowen upped their price target on shares of Equinor ASA from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Finally, DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $28.25.

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.