Chase Investment Counsel Corp Has $1.56 Million Holdings in Equinor ASA (NYSE:EQNR)

Chase Investment Counsel Corp lifted its position in shares of Equinor ASA (NYSE:EQNR) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Chase Investment Counsel Corp’s holdings in Equinor ASA were worth $1,563,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EQNR. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA during the third quarter worth $31,000. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA during the fourth quarter worth $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA during the fourth quarter worth $36,000. R Squared Ltd acquired a new stake in Equinor ASA in the fourth quarter worth $48,000. Finally, Brooklyn Investment Group acquired a new stake in Equinor ASA in the fourth quarter worth $61,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Up 2.0 %

Shares of NYSE EQNR opened at $23.39 on Friday. The stock has a market capitalization of $65.33 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.58 and a beta of 0.83. The company has a 50-day moving average price of $23.95 and a 200-day moving average price of $24.52. 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.

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%. On average, 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 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s payout ratio is currently 37.30%.

Analyst Ratings Changes

A number of equities research analysts have commented on EQNR shares. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. 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, Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.