Y Intercept Hong Kong Ltd Buys 39,948 Shares of Equinor ASA (NYSE:EQNR)

by · The Cerbat Gem

Y Intercept Hong Kong Ltd grew its stake in shares of Equinor ASA (NYSE:EQNR – Free Report) by 260.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 55,311 shares of the company’s stock after acquiring an additional 39,948 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Equinor ASA were worth $1,310,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently weighed in on EQNR. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Finally, Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One 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 company. According to MarketBeat, Equinor ASA currently has an average rating of “Moderate Buy” and an average price target of $29.45.

Read Our Latest Research Report on Equinor ASA

Equinor ASA Stock Down 0.9 %

Shares of EQNR opened at $22.61 on Thursday. The firm has a market cap of $63.13 billion, a P/E ratio of 7.27, a P/E/G ratio of 0.58 and a beta of 0.83. The stock has a 50 day simple moving average of $23.92 and a two-hundred day simple moving average of $24.56. 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 has a 1 year low of $21.85 and a 1 year high of $29.32.

Equinor ASA (NYSE:EQNR – Get Free Report) last released its quarterly earnings data 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%. On average, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is presently 37.30%.

Equinor ASA Company Profile

(Free Report)

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.

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