Equinor ASA $EQNR Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Equinor ASA (NYSE:EQNRFree Report) by 1,437.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,286,328 shares of the company’s stock after buying an additional 2,137,642 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of Equinor ASA worth $55,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EQNR. Fisher Asset Management LLC grew its stake in shares of Equinor ASA by 2.2% in the third quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock worth $44,550,000 after purchasing an additional 39,524 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Equinor ASA by 30.5% during the second quarter. Cetera Investment Advisers now owns 108,633 shares of the company’s stock valued at $2,731,000 after purchasing an additional 25,361 shares in the last quarter. ABC Arbitrage SA lifted its holdings in Equinor ASA by 100.8% in the third quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock worth $12,569,000 after purchasing an additional 258,767 shares during the period. Caprock Group LLC acquired a new stake in Equinor ASA in the third quarter worth about $2,515,000. Finally, CIBC Bancorp USA Inc. bought a new position in Equinor ASA in the 3rd quarter valued at about $21,366,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Performance

NYSE:EQNR opened at $41.58 on Friday. The company has a 50-day moving average of $29.27 and a 200-day moving average of $25.69. The firm has a market cap of $122.43 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 4.61 and a beta of 0.35. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $42.06.

Equinor ASA (NYSE:EQNRGet Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. The business had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $21.31 billion. Analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be issued a $0.39 dividend. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th. Equinor ASA’s dividend payout ratio is currently 67.37%.

Analysts Set New Price Targets

Several equities analysts have commented on EQNR shares. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Zacks Research raised Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Finally, TD Cowen increased their price target on Equinor ASA from $25.00 to $37.00 and gave the company a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, Equinor ASA has a consensus rating of “Reduce” and an average price target of $28.71.

Check Out Our Latest Analysis on EQNR

More Equinor ASA News

Here are the key news stories impacting Equinor ASA this week:

About Equinor ASA

(Free Report)

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

See Also

Want to see what other hedge funds are holding EQNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinor ASA (NYSE:EQNRFree Report).

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

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.