Ipswich Investment Management Co. Inc. Has $1.44 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

Ipswich Investment Management Co. Inc. decreased its stake in shares of Equinor ASA (NYSE:EQNR) by 25.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,650 shares of the company’s stock after selling 20,550 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Equinor ASA were worth $1,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in Equinor ASA by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after buying an additional 487 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Equinor ASA in the third quarter valued at about $31,000. Glenmede Trust Co. NA grew its holdings in shares of Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after purchasing an additional 1,247 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in Equinor ASA in the fourth quarter valued at approximately $33,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 1.1 %

NYSE EQNR opened at $23.22 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $64.83 billion, a P/E ratio of 7.46, a PEG ratio of 0.58 and a beta of 0.83. The business has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $24.66. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results 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 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 fiscal year.

Equinor ASA Dividend Announcement

The firm also recently announced 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 6.03%. Equinor ASA’s payout ratio is presently 37.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Hsbc Global Res upgraded Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One equities 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.