Equinor ASA (NYSE:EQNR) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in Equinor ASA (NYSE:EQNR) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 53,116 shares of the company’s stock after acquiring an additional 3,420 shares during the period. Yousif Capital Management LLC’s holdings in Equinor ASA were worth $1,681,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQNR. Commonwealth Equity Services LLC boosted its stake in shares of Equinor ASA by 18.4% in the third quarter. Commonwealth Equity Services LLC now owns 14,714 shares of the company’s stock worth $482,000 after acquiring an additional 2,291 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Equinor ASA by 13.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,098 shares of the company’s stock worth $1,118,000 after acquiring an additional 3,910 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of Equinor ASA in the third quarter worth approximately $644,000. Channel Wealth LLC boosted its stake in shares of Equinor ASA by 4.0% in the third quarter. Channel Wealth LLC now owns 33,317 shares of the company’s stock worth $1,092,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Equinor ASA by 1.3% in 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 acquiring an additional 18,694 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

Shares of Equinor ASA stock opened at $26.45 on Thursday. Equinor ASA has a 52 week low of $24.44 and a 52 week high of $34.73. The business’s fifty day simple moving average is $26.70 and its 200-day simple moving average is $29.35. The firm has a market cap of $82.58 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.85. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The business had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equities analysts forecast that Equinor ASA will post 3.49 earnings per share for the current year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.54%. Equinor ASA’s dividend payout ratio is presently 30.34%.

Wall Street Analysts Forecast Growth

EQNR has been the topic of a number of recent research reports. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their price objective 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 research note on Friday, March 22nd. TD Cowen initiated coverage on Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 price objective on the stock. Finally, DZ Bank lowered 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and an average price target of $28.25.

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.