JPMorgan Chase & Co. Has $55.74 Million Stock Position in Equinor ASA $EQNR

JPMorgan Chase & Co. increased its stake in Equinor ASA (NYSE:EQNRFree Report) by 1,437.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,286,328 shares of the company’s stock after purchasing an additional 2,137,642 shares during the quarter. JPMorgan Chase & Co.’s holdings in Equinor ASA were worth $55,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in Equinor ASA by 2.2% during the third quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock valued at $44,550,000 after buying an additional 39,524 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Equinor ASA by 30.5% in the second quarter. Cetera Investment Advisers now owns 108,633 shares of the company’s stock worth $2,731,000 after buying an additional 25,361 shares during the period. ABC Arbitrage SA increased its position in shares of Equinor ASA by 100.8% in the third quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock worth $12,569,000 after acquiring an additional 258,767 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Equinor ASA in the third quarter worth approximately $2,515,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Equinor ASA during the third quarter valued at approximately $21,366,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EQNR shares. TD Cowen upped their price target on shares of Equinor ASA from $25.00 to $37.00 and gave the company a “hold” rating in a research report on Friday. Zacks Research raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a report on Friday. Pareto Securities raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group assumed coverage on Equinor ASA in a report on Thursday, January 8th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $28.71.

Read Our Latest Research Report on EQNR

Trending Headlines about Equinor ASA

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Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $41.58 on Friday. The firm has a market cap of $122.43 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 4.61 and a beta of 0.35. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $42.06. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $29.27 and a 200 day simple moving average of $25.69.

Equinor ASA (NYSE:EQNRGet Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%.The firm had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $21.31 billion. As a group, sell-side analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.8%. Equinor ASA’s payout ratio is 67.37%.

Equinor ASA Profile

(Free Report)

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

See Also

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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