Equinor ASA (NYSE:EQNR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Equinor ASA (NYSE:EQNR) by 62.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,732 shares of the company’s stock after acquiring an additional 24,090 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Equinor ASA were worth $1,486,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp grew its position in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after acquiring an additional 487 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after purchasing an additional 505 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock worth $676,000 after purchasing an additional 1,247 shares during the period. Manchester Capital Management LLC acquired a new stake in Equinor ASA during the 4th quarter worth approximately $33,000. Finally, Synergy Asset Management LLC purchased a new position in Equinor ASA in the fourth quarter valued at approximately $36,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EQNR. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Morgan Stanley cut their price objective 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. Finally, HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Stock Down 0.4 %

EQNR opened at $26.05 on Friday. The stock’s 50 day moving average price is $23.95 and its 200 day moving average price is $24.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock has a market cap of $72.74 billion, a P/E ratio of 8.37, a P/E/G 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.

Equinor ASA (NYSE:EQNR) last announced 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 return on equity of 20.33% and a net margin of 8.49%. As a group, research analysts predict that Equinor ASA will post 3.46 earnings per share for the current 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 issued 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 5.38%. Equinor ASA’s dividend payout ratio is 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.