GAMMA Investing LLC Takes $46,000 Position in Equinor ASA (NYSE:EQNR)

GAMMA Investing LLC bought a new position in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, Holdings Channel reports. The fund bought 1,441 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of Equinor ASA during the 4th quarter valued at about $43,000. SRS Capital Advisors Inc. raised its stake in Equinor ASA by 558.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after purchasing an additional 1,129 shares in the last quarter. Planned Solutions Inc. bought a new stake in Equinor ASA during the fourth quarter valued at approximately $59,000. Blue Trust Inc. grew its stake in Equinor ASA by 42.8% in the 4th quarter. Blue Trust Inc. now owns 4,242 shares of the company’s stock worth $139,000 after buying an additional 1,271 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Equinor ASA in the 3rd quarter worth approximately $164,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 2.0 %

EQNR opened at $26.98 on Friday. The company has a market cap of $84.23 billion, a P/E ratio of 8.35, a P/E/G ratio of 3.24 and a beta of 0.85. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The business’s 50-day moving average price is $26.73 and its 200-day moving average price is $29.34. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. On average, equities analysts expect that Equinor ASA will post 3.49 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.45%. Equinor ASA’s payout ratio is currently 30.34%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EQNR shares. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.40 to $28.50 in a research report on Tuesday, February 20th. Finally, TD Cowen initiated coverage on Equinor ASA in a research report on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.25.

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.