OLD Mission Capital LLC Raises Position in Equinor ASA (NYSE:EQNR)

OLD Mission Capital LLC increased its stake in Equinor ASA (NYSE:EQNR) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 475,326 shares of the company’s stock after purchasing an additional 1,722 shares during the quarter. OLD Mission Capital LLC’s holdings in Equinor ASA were worth $11,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter worth $33,000. Synergy Asset Management LLC bought a new position in Equinor ASA in the 4th quarter worth $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the 4th quarter worth $48,000. Brooklyn Investment Group bought a new stake in Equinor ASA during the fourth quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock valued at $92,000 after acquiring an additional 3,016 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley reduced their price target on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a report on Monday, March 17th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Stock Up 1.8 %

Shares of NYSE:EQNR opened at $26.50 on Tuesday. The company has a market cap of $73.99 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 0.58 and a beta of 0.79. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. 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 company has a 50-day moving average price of $23.98 and a 200 day moving average price of $24.20.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (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%. As a group, equities research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.28%. Equinor ASA’s dividend payout ratio 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.