Fisher Asset Management LLC Purchases 39,524 Shares of Equinor ASA $EQNR

Fisher Asset Management LLC boosted its holdings in shares of Equinor ASA (NYSE:EQNR) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,827,302 shares of the company’s stock after acquiring an additional 39,524 shares during the period. Fisher Asset Management LLC owned approximately 0.06% of Equinor ASA worth $44,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQNR. Elevation Point Wealth Partners LLC raised its position in shares of Equinor ASA by 1.9% during the second quarter. Elevation Point Wealth Partners LLC now owns 23,101 shares of the company’s stock worth $581,000 after purchasing an additional 424 shares during the period. PNC Financial Services Group Inc. raised its holdings in Equinor ASA by 1.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock worth $910,000 after buying an additional 428 shares during the period. Ballentine Partners LLC raised its holdings in Equinor ASA by 5.0% during the 3rd quarter. Ballentine Partners LLC now owns 9,039 shares of the company’s stock worth $220,000 after buying an additional 434 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in Equinor ASA by 1.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 24,805 shares of the company’s stock valued at $605,000 after buying an additional 437 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Equinor ASA by 0.9% in the third quarter. US Bancorp DE now owns 54,010 shares of the company’s stock valued at $1,317,000 after buying an additional 472 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

EQNR opened at $31.29 on Wednesday. The business’s 50-day simple moving average is $26.21 and its 200 day simple moving average is $24.73. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $32.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.27. The firm has a market capitalization of $92.14 billion, a PE ratio of 16.47, a PEG ratio of 3.95 and a beta of 0.35.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.21. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%.The firm had revenue of $25.30 billion for the quarter, compared to analyst estimates of $21.31 billion. As a group, sell-side analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be paid a $0.39 dividend. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, May 15th. Equinor ASA’s dividend payout ratio is 64.21%.

Analyst Upgrades and Downgrades

EQNR has been the topic of a number of research analyst reports. Bank of America lowered shares of Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Jefferies Financial Group began coverage on Equinor ASA in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Zacks Research raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Reduce” and a consensus price target of $24.71.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.