Integrated Quantitative Investments LLC Acquires Shares of 16,800 Equinor ASA (NYSE:EQNR)

Integrated Quantitative Investments LLC acquired a new stake in Equinor ASA (NYSE:EQNR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,800 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Folketrygdfondet grew its holdings in Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Equinor ASA by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company’s stock worth $98,340,000 after buying an additional 399,861 shares during the period. Trexquant Investment LP lifted its stake in shares of Equinor ASA by 975.0% during the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company’s stock worth $19,961,000 after acquiring an additional 764,204 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Equinor ASA by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock valued at $13,207,000 after acquiring an additional 34,720 shares during the period. Finally, OLD Mission Capital LLC grew its position in Equinor ASA by 0.4% in the 4th quarter. OLD Mission Capital LLC now owns 475,326 shares of the company’s stock valued at $11,260,000 after acquiring an additional 1,722 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Finally, Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.10.

Equinor ASA Trading Down 8.2 %

Shares of NYSE EQNR opened at $23.40 on Friday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The business has a fifty day moving average price of $24.10 and a 200 day moving average price of $24.23. The stock has a market capitalization of $65.36 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

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%. Equities research analysts expect that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

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.