American Century Companies Inc. Has $6.15 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

American Century Companies Inc. raised its holdings in Equinor ASA (NYSE:EQNR) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 259,506 shares of the company’s stock after acquiring an additional 13,677 shares during the period. American Century Companies Inc.’s holdings in Equinor ASA were worth $6,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Folketrygdfondet raised its position in shares of Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after buying an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP increased its stake in Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares during the period. Fisher Asset Management LLC raised its holdings in Equinor ASA by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock valued at $13,207,000 after acquiring an additional 34,720 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of Equinor ASA in the 4th quarter worth approximately $9,043,000. Finally, Todd Asset Management LLC grew its holdings in shares of Equinor ASA by 6.5% during the 4th quarter. Todd Asset Management LLC now owns 178,432 shares of the company’s stock worth $4,227,000 after purchasing an additional 10,828 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EQNR. Morgan Stanley reduced their target price on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a research report on Monday, March 17th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Stock Performance

NYSE EQNR opened at $23.40 on Friday. The firm has a market cap of $65.36 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.58 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a 50 day moving average of $24.10 and a 200-day moving average of $24.23.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, equities analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.98%. Equinor ASA’s dividend payout ratio is 37.30%.

About Equinor ASA

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.