Equinor ASA (NYSE:EQNR) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of Equinor ASA (NYSE:EQNR) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,013 shares of the company’s stock after purchasing an additional 11,482 shares during the period. Quantinno Capital Management LP’s holdings in Equinor ASA were worth $1,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Folketrygdfondet increased its position in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock worth $2,640,631,000 after acquiring an additional 4,300,472 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Equinor ASA by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company’s stock worth $98,340,000 after acquiring an additional 399,861 shares in the last quarter. Bank of America Corp DE increased its position in shares of Equinor ASA by 4.8% in the fourth quarter. Bank of America Corp DE now owns 4,121,392 shares of the company’s stock worth $97,636,000 after acquiring an additional 188,709 shares in the last quarter. Marshall Wace LLP increased its position in shares of Equinor ASA by 3,159.0% in the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company’s stock worth $62,764,000 after acquiring an additional 2,568,095 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Equinor ASA by 771.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company’s stock worth $24,061,000 after acquiring an additional 899,157 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.53 on Friday. The firm has a market cap of $65.70 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.58 and a beta of 0.58. 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 $21.41 and a 1-year high of $29.32. The firm has a fifty day moving average of $23.81 and a two-hundred day moving average of $23.76.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. The business had revenue of $27.14 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be given a $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.17%. Equinor ASA’s payout ratio is currently 38.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, April 22nd. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Finally, TD Cowen lowered their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.71.

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.