International Assets Investment Management LLC Invests $840,000 in Equinor ASA (NYSE:EQNR)

International Assets Investment Management LLC purchased a new stake in Equinor ASA (NYSE:EQNR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,578 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in Equinor ASA in the 4th quarter valued at about $43,000. SRS Capital Advisors Inc. raised its holdings in Equinor ASA by 558.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after acquiring an additional 1,129 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of Equinor ASA during the 4th quarter worth $59,000. Blue Trust Inc. increased its position in shares of Equinor ASA by 42.8% in the fourth quarter. Blue Trust Inc. now owns 4,242 shares of the company’s stock worth $139,000 after purchasing an additional 1,271 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in Equinor ASA by 44.2% during the third quarter. Hexagon Capital Partners LLC now owns 4,297 shares of the company’s stock worth $141,000 after purchasing an additional 1,317 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on EQNR shares. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. TD Cowen increased their price objective on Equinor ASA from $26.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.25.

Equinor ASA Stock Down 0.0 %

EQNR stock opened at $27.12 on Wednesday. The firm has a market capitalization of $84.67 billion, a PE ratio of 6.94 and a beta of 0.85. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73. The stock’s 50 day moving average is $26.48 and its 200-day moving average is $29.60.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. The firm had revenue of $29.05 billion during the quarter, compared to analysts’ expectations of $27.35 billion. Sell-side analysts expect that Equinor ASA will post 3.26 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.42%. Equinor ASA’s dividend payout ratio (DPR) is presently 25.06%.

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.