Equinor ASA (NYSE:EQNR) is Folketrygdfondet’s Largest Position

Folketrygdfondet raised its position in Equinor ASA (NYSE:EQNR) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,466,079 shares of the company’s stock after acquiring an additional 4,300,472 shares during the quarter. Equinor ASA makes up 59.3% of Folketrygdfondet’s portfolio, making the stock its biggest holding. Folketrygdfondet owned 3.99% of Equinor ASA worth $2,640,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after purchasing an additional 487 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after buying an additional 505 shares in the last quarter. Ipswich Investment Management Co. Inc. grew its stake in shares of Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock valued at $2,057,000 after acquiring an additional 1,000 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after acquiring an additional 1,247 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in Equinor ASA in the 4th quarter worth approximately $33,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EQNR shares. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Finally, StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Up 3.6 %

Shares of EQNR opened at $23.18 on Monday. The business’s 50 day simple moving average is $23.93 and its 200-day simple moving average is $24.30. 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 stock has a market capitalization of $64.72 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth 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 (EPS) 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%. As a group, equities analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 6.04%. Equinor ASA’s dividend payout ratio is currently 37.30%.

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.