Fisher Asset Management LLC Grows Position in Equinor ASA (NYSE:EQNR)

Fisher Asset Management LLC grew its stake in shares of Equinor ASA (NYSE:EQNR) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 389,722 shares of the company’s stock after acquiring an additional 10,904 shares during the period. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $12,331,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First Trust Direct Indexing L.P. lifted its stake in shares of Equinor ASA by 1.5% in the third quarter. First Trust Direct Indexing L.P. now owns 24,548 shares of the company’s stock valued at $805,000 after purchasing an additional 355 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Equinor ASA by 4.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,570 shares of the company’s stock valued at $314,000 after acquiring an additional 400 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Equinor ASA by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 37,489 shares of the company’s stock worth $1,186,000 after acquiring an additional 481 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Equinor ASA by 7.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 7,490 shares of the company’s stock worth $246,000 after acquiring an additional 490 shares during the period. Finally, Financial Counselors Inc. increased its stake in Equinor ASA by 5.8% in the 3rd quarter. Financial Counselors Inc. now owns 12,961 shares of the company’s stock valued at $425,000 after purchasing an additional 715 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EQNR shares. DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TD Cowen began coverage on Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target for the company. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $26.40 to $28.50 in a research report on Tuesday, February 20th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.25.

Equinor ASA Stock Up 1.6 %

Shares of NYSE:EQNR opened at $27.41 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $85.57 billion, a P/E ratio of 8.49, a P/E/G ratio of 3.36 and a beta of 0.85. Equinor ASA has a 52-week low of $24.44 and a 52-week high of $34.73. The stock’s fifty day simple moving average is $26.78 and its 200-day simple moving average is $29.21.

Equinor ASA (NYSE:EQNR) last announced its earnings results 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). The firm had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. As a group, equities research analysts forecast that Equinor ASA will post 3.49 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, May 15th. Equinor ASA’s payout ratio is 30.34%.

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.