American Century Companies Inc. Buys 36,457 Shares of Equinor ASA $EQNR

American Century Companies Inc. boosted its stake in Equinor ASA (NYSE:EQNR) by 13.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 306,793 shares of the company’s stock after purchasing an additional 36,457 shares during the quarter. American Century Companies Inc.’s holdings in Equinor ASA were worth $7,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in shares of Equinor ASA during the 1st quarter worth about $57,000. MAI Capital Management boosted its holdings in Equinor ASA by 55.6% in the second quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after acquiring an additional 836 shares in the last quarter. Cromwell Holdings LLC grew its stake in Equinor ASA by 30.4% in the second quarter. Cromwell Holdings LLC now owns 2,743 shares of the company’s stock valued at $69,000 after acquiring an additional 639 shares during the period. SVB Wealth LLC bought a new stake in shares of Equinor ASA during the first quarter valued at approximately $74,000. Finally, Allworth Financial LP increased its holdings in shares of Equinor ASA by 378.3% during the second quarter. Allworth Financial LP now owns 3,071 shares of the company’s stock valued at $77,000 after acquiring an additional 2,429 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Trading Down 1.6%

Shares of Equinor ASA stock opened at $23.00 on Friday. The firm has a market cap of $67.71 billion, a PE ratio of 10.90, a P/E/G ratio of 0.99 and a beta of 0.37. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a fifty day moving average price of $23.80 and a 200-day moving average price of $24.67.

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

Equinor ASA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a $0.37 dividend. The ex-dividend date was Friday, November 14th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. This represents a $1.48 annualized dividend and a dividend yield of 6.4%. Equinor ASA’s dividend payout ratio is presently 57.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EQNR shares. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. DZ Bank cut shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Barclays restated an “underweight” rating on shares of Equinor ASA in a report on Friday, October 31st. Finally, Weiss Ratings downgraded Equinor ASA from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, Equinor ASA currently has an average 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.