Equinor ASA (NYSE:EQNR) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in Equinor ASA (NYSE:EQNR) by 325.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,944 shares of the company’s stock after purchasing an additional 3,016 shares during the period. Smartleaf Asset Management LLC’s holdings in Equinor ASA were worth $92,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. ABC Arbitrage SA acquired a new position in Equinor ASA in the fourth quarter valued at approximately $9,043,000. Drum Hill Capital LLC acquired a new position in Equinor ASA in the fourth quarter valued at approximately $4,023,000. Public Employees Retirement System of Ohio acquired a new position in Equinor ASA in the third quarter valued at approximately $3,685,000. Wellington Management Group LLP boosted its stake in Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Equinor ASA in the third quarter valued at approximately $2,509,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Trading Up 3.6 %

Equinor ASA stock opened at $23.18 on Friday. The company’s fifty day simple moving average is $23.93 and its 200-day simple moving average is $24.32. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. The stock has a market cap of $64.72 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 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, sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQNR shares. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.