Equinor ASA (NYSE:EQNR) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Equinor ASA (NYSE:EQNR) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,195 shares of the company’s stock after acquiring an additional 505 shares during the quarter. Jones Financial Companies Lllp’s holdings in Equinor ASA were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of Equinor ASA during the 4th quarter valued at about $33,000. Synergy Asset Management LLC acquired a new position in shares of Equinor ASA during the 4th quarter valued at about $36,000. R Squared Ltd acquired a new position in shares of Equinor ASA during the 4th quarter valued at about $48,000. Brooklyn Investment Group acquired a new position in shares of Equinor ASA during the 4th quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Equinor ASA by 325.0% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 2.1 %

EQNR stock opened at $24.28 on Friday. The company’s 50 day moving average price is $23.93 and its 200 day moving average price is $24.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The firm has a market capitalization of $67.81 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.58 and a beta of 0.79.

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

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.77%. Equinor ASA’s payout ratio is 37.30%.

Analysts Set New Price Targets

EQNR has been the topic of several recent research reports. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

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.