Equinor ASA (NYSE:EQNR) Position Increased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lifted its holdings in shares of Equinor ASA (NYSE:EQNRGet Rating) by 55.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,495 shares of the company’s stock after buying an additional 4,463 shares during the period. Essex Investment Management Co. LLC’s holdings in Equinor ASA were worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cinctive Capital Management LP bought a new position in Equinor ASA in the third quarter worth about $11,367,000. Baird Financial Group Inc. grew its stake in Equinor ASA by 1.8% during the 4th quarter. Baird Financial Group Inc. now owns 128,835 shares of the company’s stock worth $3,392,000 after buying an additional 2,300 shares during the last quarter. First Trust Advisors LP acquired a new stake in Equinor ASA in the fourth quarter worth $3,942,000. EverSource Wealth Advisors LLC bought a new stake in Equinor ASA in the fourth quarter valued at $57,000. Finally, Citigroup Inc. boosted its holdings in shares of Equinor ASA by 3,474.9% during the fourth quarter. Citigroup Inc. now owns 688,808 shares of the company’s stock valued at $18,137,000 after acquiring an additional 669,540 shares during the period. Hedge funds and other institutional investors own 5.66% of the company’s stock.

Shares of Equinor ASA stock opened at $33.98 on Thursday. Equinor ASA has a 12-month low of $18.44 and a 12-month high of $39.15. The firm has a market capitalization of $110.31 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.12 and a beta of 1.01. The company has a quick ratio of 1.44, a current ratio of 1.51 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $35.76 and its 200-day moving average is $30.72.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 12th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.18. Equinor ASA’s payout ratio is presently 16.43%.

EQNR has been the subject of several recent analyst reports. Royal Bank of Canada cut shares of Equinor ASA from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $320.00 to $330.00 in a research report on Monday, May 9th. Barclays lifted their target price on Equinor ASA from 340.00 to 400.00 in a research note on Thursday, May 5th. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 7th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 17th. Finally, Morgan Stanley raised their target price on shares of Equinor ASA from 280.00 to 287.00 in a research note on Wednesday, May 11th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $168.22.

Equinor ASA Company Profile (Get Rating)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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