6,956 Shares in Equinor ASA (NYSE:EQNR) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in Equinor ASA (NYSE:EQNR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,956 shares of the company’s stock, valued at approximately $165,000.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA in the fourth quarter worth about $33,000. Synergy Asset Management LLC purchased a new stake in Equinor ASA in the fourth quarter worth about $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the fourth quarter worth about $48,000. Brooklyn Investment Group purchased a new stake in Equinor ASA in the fourth quarter worth about $61,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after buying an additional 3,016 shares during the period. 5.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Price Performance

EQNR stock opened at $22.32 on Friday. The firm has a 50 day moving average price of $23.93 and a 200-day moving average price of $24.37. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The firm has a market capitalization of $62.33 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. Equities research analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is currently 37.30%.

Equinor ASA Company 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.