Orion Portfolio Solutions LLC Purchases 1,937 Shares of Equinor ASA (NYSE:EQNR)

Orion Portfolio Solutions LLC increased its position in Equinor ASA (NYSE:EQNR) by 6.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,560 shares of the company’s stock after buying an additional 1,937 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Equinor ASA were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of EQNR. JPMorgan Chase & Co. grew its holdings in Equinor ASA by 30.1% during the 4th quarter. JPMorgan Chase & Co. now owns 122,652 shares of the company’s stock valued at $2,906,000 after buying an additional 28,385 shares in the last quarter. LPL Financial LLC grew its stake in Equinor ASA by 82.4% during the fourth quarter. LPL Financial LLC now owns 52,019 shares of the company’s stock valued at $1,232,000 after acquiring an additional 23,492 shares in the last quarter. American Century Companies Inc. increased its holdings in Equinor ASA by 5.6% in the 4th quarter. American Century Companies Inc. now owns 259,506 shares of the company’s stock valued at $6,148,000 after acquiring an additional 13,677 shares during the last quarter. Quantbot Technologies LP lifted its stake in Equinor ASA by 519.1% in the 4th quarter. Quantbot Technologies LP now owns 31,364 shares of the company’s stock worth $743,000 after purchasing an additional 26,298 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Equinor ASA by 39.1% during the 4th quarter. Signaturefd LLC now owns 26,960 shares of the company’s stock valued at $639,000 after purchasing an additional 7,582 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

EQNR has been the topic of a number of research analyst reports. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Stock Performance

Equinor ASA stock opened at $23.40 on Monday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company’s 50-day moving average is $24.10 and its 200 day moving average is $24.22. The firm has a market capitalization of $65.36 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. 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 (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Research analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Dividend Announcement

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