Signaturefd LLC Buys 7,582 Shares of Equinor ASA (NYSE:EQNR)

Signaturefd LLC lifted its stake in Equinor ASA (NYSE:EQNR) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,960 shares of the company’s stock after purchasing an additional 7,582 shares during the period. Signaturefd LLC’s holdings in Equinor ASA were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Gallacher Capital Management LLC grew its holdings in shares of Equinor ASA by 2.7% in the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock worth $464,000 after purchasing an additional 518 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Equinor ASA by 8.1% in the fourth quarter. Corient Private Wealth LLC now owns 57,472 shares of the company’s stock worth $1,362,000 after purchasing an additional 4,315 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Equinor ASA by 10.6% in the fourth quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock worth $146,000 after purchasing an additional 593 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Equinor ASA by 10.2% in the fourth quarter. Inspire Advisors LLC now owns 23,313 shares of the company’s stock worth $552,000 after purchasing an additional 2,159 shares during the last quarter. Finally, Folketrygdfondet grew its holdings in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock worth $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EQNR shares. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.10.

Equinor ASA Stock Performance

EQNR stock opened at $25.18 on Thursday. The firm has a market cap of $70.33 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.58 and a beta of 0.79. The firm has a 50-day simple moving average of $23.89 and a two-hundred day simple moving average of $24.17. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is presently 37.30%.

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.