OLD Mission Capital LLC Increases Position in Equinor ASA (NYSE:EQNR)

OLD Mission Capital LLC lifted its holdings in Equinor ASA (NYSE:EQNR) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 475,326 shares of the company’s stock after buying an additional 1,722 shares during the quarter. OLD Mission Capital LLC’s holdings in Equinor ASA were worth $11,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp grew its position in Equinor ASA by 3.1% in the 4th 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 last quarter. Jones Financial Companies Lllp grew its holdings in shares of Equinor ASA by 10.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock worth $123,000 after purchasing an additional 505 shares during the last quarter. Gallacher Capital Management LLC increased its stake in Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock worth $464,000 after buying an additional 518 shares during the period. Farther Finance Advisors LLC lifted its holdings in Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after buying an additional 593 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Equinor ASA by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after buying an additional 1,247 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Price Performance

Shares of EQNR stock opened at $26.50 on Tuesday. The stock’s 50-day moving average is $23.98 and its 200 day moving average is $24.20. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. 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 company has a market cap of $73.99 billion, a P/E ratio of 8.52, a PEG ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last released its quarterly 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 net margin of 8.49% and a return on equity of 20.33%. Research analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.28%. The ex-dividend date was Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EQNR shares. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.10.

About Equinor ASA

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.