Callan Capital LLC Takes Position in Equinor ASA (NYSE:EQNR)

Callan Capital LLC acquired a new position in shares of Equinor ASA (NYSE:EQNR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,358 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Reston Wealth Management LLC bought a new position in Equinor ASA in the third quarter valued at $31,000. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA in the fourth quarter valued at about $33,000. Synergy Asset Management LLC acquired a new position in Equinor ASA during the fourth quarter valued at approximately $36,000. R Squared Ltd bought a new position in Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Brooklyn Investment Group acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $61,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One equities 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 assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Performance

NYSE:EQNR opened at $23.22 on Monday. The firm has a market capitalization of $64.83 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The stock’s 50-day simple moving average is $23.88 and its 200 day simple moving average is $24.64.

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

Equinor ASA Dividend Announcement

The company also recently declared 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Friday, February 14th. Equinor ASA’s payout ratio is 37.62%.

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.