JPMorgan Chase & Co. Grows Stock Position in Equinor ASA (NYSE:EQNR)

JPMorgan Chase & Co. boosted its position in Equinor ASA (NYSE:EQNR) by 30.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,652 shares of the company’s stock after buying an additional 28,385 shares during the period. JPMorgan Chase & Co.’s holdings in Equinor ASA were worth $2,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQNR. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter worth $33,000. Synergy Asset Management LLC acquired a new position in Equinor ASA during the fourth quarter worth $36,000. R Squared Ltd purchased a new stake in Equinor ASA during the fourth quarter worth $48,000. Brooklyn Investment Group acquired a new stake in Equinor ASA in the fourth quarter valued at $61,000. Finally, Smartleaf Asset Management LLC grew its holdings in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock valued at $92,000 after purchasing an additional 3,016 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Trading Up 0.7 %

Shares of EQNR opened at $23.20 on Wednesday. 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 has a 12 month low of $21.41 and a 12 month high of $29.32. The stock has a market cap of $64.79 billion, a PE ratio of 7.46, a P/E/G ratio of 0.58 and a beta of 0.58. The stock’s 50-day moving average is $23.88 and its two-hundred day moving average is $23.99.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Equities analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be given a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.24%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s payout ratio is currently 38.91%.

Analyst Ratings Changes

EQNR has been the topic of several recent research reports. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Morgan Stanley cut their price objective on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a research report on Monday, March 17th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

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.