Fisher Asset Management LLC Purchases 948,609 Shares of Equinor ASA $EQNR

Fisher Asset Management LLC raised its position in shares of Equinor ASA (NYSE:EQNR) by 113.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,787,778 shares of the company’s stock after acquiring an additional 948,609 shares during the period. Fisher Asset Management LLC owned approximately 0.06% of Equinor ASA worth $44,945,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EQNR. Cetera Investment Advisers boosted its stake in Equinor ASA by 15.7% during the 1st quarter. Cetera Investment Advisers now owns 83,272 shares of the company’s stock valued at $2,203,000 after purchasing an additional 11,290 shares during the period. Assetmark Inc. boosted its position in shares of Equinor ASA by 7,586.7% in the first quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock valued at $61,000 after acquiring an additional 2,276 shares during the period. TD Asset Management Inc bought a new stake in shares of Equinor ASA in the first quarter valued at approximately $249,000. Natixis Advisors LLC grew its stake in shares of Equinor ASA by 90.6% in the first quarter. Natixis Advisors LLC now owns 74,238 shares of the company’s stock worth $1,964,000 after acquiring an additional 35,294 shares during the last quarter. Finally, US Bancorp DE increased its position in Equinor ASA by 60.3% during the first quarter. US Bancorp DE now owns 90,257 shares of the company’s stock worth $2,387,000 after acquiring an additional 33,968 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Up 0.0%

Shares of NYSE:EQNR opened at $22.82 on Wednesday. The company’s fifty day moving average is $23.94 and its 200-day moving average is $24.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a market capitalization of $67.18 billion, a PE ratio of 10.81, a P/E/G ratio of 0.97 and a beta of 0.37.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.20). The firm had revenue of $26.06 billion for the quarter, compared to the consensus estimate of $23.26 billion. Equinor ASA had a net margin of 5.27% and a return on equity of 14.34%. Equities research analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were given a dividend of $0.37 per share. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.5%. Equinor ASA’s dividend payout ratio is currently 57.82%.

Analysts Set New Price Targets

Several analysts have issued reports on EQNR shares. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. DZ Bank lowered shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Barclays reissued an “underweight” rating on shares of Equinor ASA in a research report on Friday, October 31st. Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings downgraded Equinor ASA from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA has a consensus rating of “Reduce” and a consensus price target of $22.71.

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.