5,100 Shares in Equinor ASA (NYSE:EQNR) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in Equinor ASA (NYSE:EQNR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,100 shares of the company’s stock, valued at approximately $115,000.

A number of other institutional investors also recently added to or reduced their stakes in EQNR. International Assets Investment Management LLC acquired a new stake in Equinor ASA during the third quarter worth approximately $1,933,000. GSA Capital Partners LLP purchased a new position in shares of Equinor ASA in the 3rd quarter valued at approximately $2,509,000. Crossmark Global Holdings Inc. increased its stake in Equinor ASA by 52.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after buying an additional 29,516 shares during the period. JPMorgan Chase & Co. raised its holdings in Equinor ASA by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company’s stock worth $2,388,000 after purchasing an additional 9,512 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of Equinor ASA during the 4th quarter worth approximately $9,043,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Equinor ASA stock opened at $22.81 on Wednesday. The stock has a market capitalization of $63.71 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.58 and a beta of 0.83. Equinor ASA has a 12-month low of $21.85 and a 12-month 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 firm’s 50-day moving average is $23.90 and its two-hundred day moving average is $24.58.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Equities analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 6.14%. Equinor ASA’s payout ratio is currently 37.30%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EQNR shares. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Finally, Nordea Equity Research upgraded 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 assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.