Van ECK Associates Corp Has $386,000 Holdings in Equinor ASA (NYSE:EQNR)

Van ECK Associates Corp grew its position in Equinor ASA (NYSE:EQNR) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,288 shares of the company’s stock after purchasing an additional 487 shares during the period. Van ECK Associates Corp’s holdings in Equinor ASA were worth $386,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in shares of Equinor ASA during the 3rd quarter worth about $31,000. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA during the 4th quarter worth about $36,000. R Squared Ltd bought a new stake in shares of Equinor ASA during the 4th quarter worth about $48,000. Brooklyn Investment Group bought a new stake in shares of Equinor ASA during the 4th quarter worth about $61,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after acquiring an additional 543 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQNR. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. One 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. Based on data from MarketBeat.com, Equinor ASA has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Trading Down 1.1 %

Shares of EQNR opened at $23.22 on Friday. Equinor ASA has a 1 year low of $21.85 and a 1 year 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 stock has a 50 day simple moving average of $23.88 and a 200-day simple moving average of $24.65. The stock has a market cap of $64.83 billion, a PE ratio of 7.46, a PEG ratio of 0.58 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last issued its earnings results 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, sell-side analysts predict 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 will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 6.03%. Equinor ASA’s dividend payout ratio is 37.62%.

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.