BNP Paribas Financial Markets Purchases 47,075 Shares of Equinor ASA (NYSE:EQNR)

BNP Paribas Financial Markets boosted its position in shares of Equinor ASA (NYSE:EQNR) by 130.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,081 shares of the company’s stock after buying an additional 47,075 shares during the quarter. BNP Paribas Financial Markets’ holdings in Equinor ASA were worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after buying an additional 487 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in 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 during the last quarter. Gallacher Capital Management LLC raised its holdings in Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after buying an additional 518 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock worth $146,000 after purchasing an additional 593 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in Equinor ASA by 254.5% in the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock worth $33,000 after purchasing an additional 985 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on EQNR shares. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Danske upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lowered shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.85.

Equinor ASA Stock Up 0.2%

NYSE:EQNR opened at $23.62 on Friday. The firm’s 50-day moving average price is $23.87 and its 200-day moving average price is $23.76. The company has a market capitalization of $65.95 billion, a PE ratio of 7.59, a P/E/G ratio of 0.58 and a beta of 0.58. 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 1-year low of $21.41 and a 1-year high of $29.32.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. The business had revenue of $27.14 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, equities analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be given a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 38.29%.

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.