Equinor ASA (NYSE:EQNR) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Equinor ASA (NYSE:EQNR) by 30.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,652 shares of the company’s stock after purchasing an additional 28,385 shares during the period. JPMorgan Chase & Co.’s holdings in Equinor ASA were worth $2,906,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EQNR. Charles Schwab Investment Management Inc. lifted its holdings in Equinor ASA by 62.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock worth $1,486,000 after acquiring an additional 24,090 shares during the last quarter. ABC Arbitrage SA bought a new position in Equinor ASA in the 4th quarter worth approximately $9,043,000. Raymond James Financial Inc. acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $909,000. Folketrygdfondet raised its stake in Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after acquiring an additional 4,300,472 shares in the last quarter. Finally, Drum Hill Capital LLC acquired a new position in Equinor ASA during the 4th quarter worth $4,023,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $23.20 on Wednesday. The business’s 50-day moving average price is $23.88 and its two-hundred day moving average price is $23.99. Equinor ASA has a one year low of $21.41 and a one year high of $29.32. The company has a market capitalization of $64.79 billion, a P/E ratio of 7.46, 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 posted its earnings results on Wednesday, February 5th. The company reported $0.63 EPS 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%. Analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be given a $0.304 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s dividend payout ratio is 38.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EQNR shares. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Hsbc Global Res upgraded Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada downgraded Equinor ASA from a “sector perform” rating to an “underperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.10.

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.