Farther Finance Advisors LLC Has $146,000 Holdings in Equinor ASA (NYSE:EQNR)

Farther Finance Advisors LLC boosted its holdings in shares of Equinor ASA (NYSE:EQNR) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,173 shares of the company’s stock after buying an additional 593 shares during the quarter. Farther Finance Advisors LLC’s holdings in Equinor ASA were worth $146,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ABC Arbitrage SA acquired a new position in Equinor ASA during the fourth quarter worth approximately $9,043,000. Folketrygdfondet boosted its holdings in shares of Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock worth $2,640,631,000 after acquiring an additional 4,300,472 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Equinor ASA by 11.2% during the third quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company’s stock worth $2,388,000 after acquiring an additional 9,512 shares during the period. Drum Hill Capital LLC bought a new stake in shares of Equinor ASA during the fourth quarter worth approximately $4,023,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of Equinor ASA by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock worth $13,207,000 after acquiring an additional 34,720 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Ratings Changes

EQNR has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Morgan Stanley reduced their price objective on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a report on Monday. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.10.

Equinor ASA Stock Up 0.7 %

NYSE EQNR opened at $25.34 on Friday. The business has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $24.18. 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 fifty-two week low of $21.85 and a fifty-two week high of $29.32. The stock has a market capitalization of $70.76 billion, a PE ratio of 8.15, a PEG ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.53%. The ex-dividend date was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

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.